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Tom McKelvey and Drew Johnson, co-founders and managing partners of Gauge Capital
Gage Capital, a Southlake, Texas-based middle market private equity firm, announced the successful closing of its fourth oversubscribed fund with approximately $1.4 billion in commitments.
Gage Capital said its team is the largest investor in the fund, accounting for more than 25% of committed capital.
Ropes & Gray LLP served as legal counsel, the company added.
Gauge Capital invests in five major sectors: Business Services, Food & Consumer, Government & Industrial Services, Healthcare, and Technology, and currently manages more than $3 billion in capital.
Gauge Capital’s success has been recognized by various industry publications. Inc. Magazine named the company one of the top private equity firms for founders for four consecutive years from 2020 to 2023.
Additionally, Gage Capital was named a Top 50 Middle Market PE Firm by Grady Campbell from 2021 to 2024. In 2021, the company was also ranked among the top 5 out of 517 private equity firms in the HEC Paris Dow Jones Small Cap. Purchase performance ranking.
We last wrote about Gauge in July 2023, when Gauge partnered with Craftable, a hospitality industry SaaS platform based in Farmers Branch.
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