Private Capital Solutions

Banner Capital Management Completes Multi-Asset Continuation Vehicle for Eight Portfolio Companies

6621 PCA Banner Capital NT

Private Capital Advisory Engagement Overview

Industries: Technology, Consumer
Areas of Focus: eCommerce, Residential Services

Harris Williams advised Banner Capital Management on their multi-asset continuation vehicle raise for Banner Capital Fund I, formed to acquire interests in Banner's eight pre-fund portfolio companies.

Secondary investors are eager to support the long-term growth of uniquely positioned platforms. Banner Fund I highlights strong and continued investor appetite for portfolios of differentiated assets with strong historical performance that offer a meaningful runway for growth.

Fund I closed with over $400 million in capital commitments and was designed to provide growth equity and additional time to each of Banner’s pre-fund investments, while offering the first liquidity event to investors and crystalizing Banner’s pre-fund performance.

Fund I represents a diversified portfolio of eight assets, including a leading ecommerce acceleration platform and residential services franchisor. The portfolio underscores Banner’s deep commitment to providing partnership capital to the lower middle market, the United States Intermountain West region, and family-owned and founder-led businesses.

Hamilton Lane acted as the lead investor to support Fund I. This partnership enables the execution of key strategic initiatives and provides Fund I with enhanced capital flexibility to support the next phase of growth.

Contact the Harris Williams Private Capital Solutions professionals to learn more about this client engagement.