On September 12, 2024, CAI Capital Partners announced the final closing of CAI Capital Partners VII, L.P. and CAI Capital Partners VII (Sponsor), L.P. (collectively, "CAI Fund VII") at $153 million. The fund surpassed its initial target of $150 million, with capital commitments exceeding its prior fund size of $125 million. Over 90 investors participated, including institutional investors, financial institutions, family offices, fund of funds, and individuals.

CAI Fund VII held its first close in June 2023, concluding its fundraising process in September 2024. Despite challenging market conditions, the fund saw strong interest from both returning and new investors. The fund will continue CAI's strategy of investing in lower middle-market businesses providing essential services and products.

CAI Fund VII has already invested in two platform companies: Midwestern Electric, an infrastructure services provider, and DWB Consulting Services, a multi-disciplinary consulting firm.

Legal counsel for the fund was provided by Lawson Lundell LLP and Proskauer Rose LLP.