FishHawk Partners LP, a new Houston-based private equity company, had accumulated up to US$30 million from investors. FishHawk said that they would use the net proceeds to invest in developing distribution and manufacturing companies. They plan to invest in companies based primarily in Texas.

"We're typically looking for an owner-operator looking to get to the next level, and we're looking to grow these businesses," FishHawk co-founder, Richard Hellman, said. Mr. Hellman added that his company will target companies that already have positive cash flow and those that have already established themselves in distribution or manufacturing.

According to official documents submitted to the U.S. Securities and Exchange Commission, FishHawk Partners wants to raise US$50 million in total before the year ends. Their funding campaign has so far attracted capital funding from 44 investors.

FishHawk Partners was conceived at the start of 2013 after Hellman and another FishHawk co-founder, John Gaylord, left Eagle Global Advisors LLC, a Houston-based investment advisory firm.