Winston Taylor, a veteran dealmaker, launched a new private equity firm after a casual game of golf with a former colleague. The firm, called Taylor Equity Partners, is targeting $1.5 billion for its inaugural fund, focusing on mid-market companies in North America and Europe.
Origin Story
Taylor, formerly a senior partner at a large buyout firm, had been contemplating his next move for months. The idea crystallized during a round of golf with a longtime friend and former investment banker. Over the 18th hole, they sketched out a plan for a new firm that would emphasize operational improvements and long-term growth.
“It was one of those moments where everything clicked,” Taylor said. “We realized that the mid-market is underserved by large funds, and there’s an opportunity to build something focused and agile.”
Fundraising and Strategy
Taylor Equity Partners has already secured commitments from several institutional investors, including pension funds and endowments. The firm plans to invest $50 million to $200 million per deal, targeting sectors such as healthcare, technology, and business services.
“We’re not trying to be everything to everyone,” Taylor added. “We want to partner with management teams to drive sustainable value creation.”
Market Context
The launch comes at a time when private equity fundraising is slowing, with many firms struggling to meet their targets. However, mid-market funds have been more resilient, as investors seek higher returns in a competitive market.
According to data from Preqin, mid-market buyout funds raised $45 billion globally in the first half of the year, down 10% from the same period last year but still robust compared to large-cap funds.
Team and Future Plans
Taylor has assembled a team of 10 investment professionals, including former colleagues from his previous firm. The firm is based in London, with plans to open a New York office next year.
“We’re excited about the opportunities ahead,” Taylor said. “The mid-market is full of great businesses that need the right partner to unlock their potential.”
