TJC, founded in 1982, is a middle-market private equity firm with original capital commitments in excess of $19.2 billion.
Since 2002: Completed 77 Investments, Exited Over 60% of Investments
The Resolute Fund, L.P. (“Resolute I”) was formed in 2002 with approximately $1.5 billion in capital commitments. In December 2007, TJC closed The Resolute Fund II, L.P. (“Resolute II”) with approximately $3.6 billion in capital commitments. In April 2014, TJC closed The Resolute Fund III, L.P. (“Resolute III”) with approximately $3.2 billion in capital commitments. In November 2018, TJC closed The Resolute Fund IV, L.P. (“Resolute IV”) with approximately $3.6 billion in capital commitments. In August 2021, TJC closed The Resolute II Continuation Fund, L.P. (“Resolute II CF”) with approximately $1.3 billion in capital commitments. In December 2021, TJC closed The Resolute Fund V, L.P. (“Resolute V”) with approximately $5.0 billion capital commitments.
For 40 years, TJC has pursued the same investment strategy, targeting control investments principally located in North America. As a result, TJC has contributed to the growth of many businesses representing a wide range of industries.
The senior team has been investing together for over 22 years. The continuity of the team has provided consistency among deal teams resulting in deep industry knowledge that has stayed within the firm.
Investment Philosophy And Approach
TJC’s investment approach is to acquire companies in partnership with management. TJC brings an operationally focused approach to its acquisition process and portfolio company oversight. This value-added approach relies on fostering strong relationships with talented managers – these relationships are critical to successfully executing a hands-on operating strategy and implementing an add-on acquisition strategy. Since 2002, TJC has completed over 380 add-on investments into its portfolio companies.
Raised Over $19.2 Billion in Committed Capital Since 2002
Investment Discipline And Risk Management
A strong focus on the mitigation of risk has resulted in an emphasis on the value of diversification. TJC will focus on building a portfolio that is not heavily weighted toward any one sector of the economy. Risk is also mitigated by conservatively managing the use of leverage in structuring each investment.
1 Deals by industry represent total committed capital by industry since 2002.
2 As of 9/30/2022.