Promising Start to Kline Hawkes Pacific, L.P.
Since closing its second fund, - Kline Hawkes Pacific, L.P. - the Partnership has committed over $34 million of the $155 million fund to eight California-based companies in: Information Technology, Communications Infrastructure and Enterprise Software and Services. All of the investments have been selected using the same stringent criteria that proved so successful in Fund I, except that in Fund II, Management will no longer source opportunities in the Healthcare industry due to the deteriorating payor environment in California.
While bolstering the investment professional team with the addition of a new Associate, Management has increased its efforts to source strong growth opportunities in companies with superior management teams and leading technology in the firm belief that these investments will reap the earliest rewards once the equity and M&A markets return.