NEWS

Baltimore Business Journal – On the heels of closing its first private equity fund in January, Access Holdings Management Co. has raised another $630 million to help grow three of its portfolio companies.

Baltimore-based Access Holdings, which Managing Partner Kevin McAllister describes as a "buy-and-build" investment firm, raised the money through three separate credit facilities from 11 lenders. The firm previously raised $340 million with its private equity fund.

The latest funding will help Access support the growth of PlayFly Sports, a Philadelphia-based sports marketing and media company; Florida-based funeral home operator Foundation Partners Group; and the Car Wash Owners Network.

Access has been a firm on the rise since McAllister founded it in 2013. The firm manages $1.3 billion and has 24 employees, compared to "just a handful" a few years ago. It has also been incredibly active when it comes to making deals, having acquired more than 75 companies in the last four years, he said.

Baltimore, MD – Access Holdings, a Baltimore-based mid-market investment firm specializing in a buy-and-build investment approach has secured $630 million in credit from 11 different lenders. The credit will directly support three partner businesses: PlayFly Sports, Foundation Partners Group, and Car Wash Owners Network.

The significant credit raise will supplement the recently-raised $340 million inaugural investment fund and provide additional flexibility for Access to grow portfolio companies into market-leading businesses. It will deepen Access’s capital markets expertise and support the firm’s mission to generate long-term growth and value for partner companies.

The credit raise was supported by Tom Gregory, Access advisor and Maranon Capital founder, who worked closely with the Access team to secure this powerful tool.

Baltimore, MD – Access Holdings, a Baltimore-based mid-market investment firm specializing in a purposeful buy-and-build investment approach, today announced that Junaid Zaheer will join the firm as Director of Strategy.

Junaid will advise Access’ leadership, shape key initiatives, and deliver strategic counsel. Additionally, Junaid will work closely with Access’ portfolio companies to grow their businesses and provide critical real-time advice.

Baltimore, MD – Access Holdings, a Baltimore-based mid-market investment firm specializing in a purposeful buy-and-build investment approach, today announced the final close of its inaugural fund, raising $340 million from 15 institutional investors. This is one of the largest inaugural closed-end funds raised by a Mid-Atlantic private equity firm.

The fund, Access Holdings Fund I L.P., was oversubscribed and exceeded its target of $250 million by 36% despite difficult circumstances imposed by the COVID-19 pandemic and the significant drop in the number of first-time private equity funds closings.

The Wall Street Journal: The midmarket firm closed Access Holdings Fund I LP after spending years investing as an independent sponsor. Years spent investing in individual deals paid off for Access Holdings Management Co., which has raised $340 million for its first private-equity fund. The final tally for Access Holdings Fund I LP exceeded the Baltimore-based investment firm’s $250 million goal in a particularly challenging market for first-time funds.

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