--- title: Artemis announces initial close on its first fund, Artemis Capital Partners I, L.P. - Artemis description: Artemis today announced the completion of the initial close of its first fund, Artemis I, L.P. Artemis is a private equity fund focused on delivering premium returns to its investors through the acquisition of undervalued industrial technology companies where our General Partners can add significant value with their unique blend of strategic, operational, business development and financial skills. image: https://insights.artemislp.com/hubfs/Imported_Blog_Media/blog_fund-news_new-2.png --- [Close ](https://insights.artemislp.com/blog/2010/04/22/artemis-first-fund#) [ Back to top ](https://insights.artemislp.com/blog/2010/04/22/artemis-first-fund#) ![Post Image](https://insights.artemislp.com/hubfs/Imported_Blog_Media/blog_fund-news_new-2.png) By [ admin ](https://insights.artemislp.com/blog/author/admin) [ April 22, 2010 ](https://insights.artemislp.com/blog/2010/04/22/artemis-first-fund) ### Artemis announces initial close on its first fund, Artemis Capital Partners I, L.P. Boston, MA., Artemis today announced the completion of the initial close of its first fund, Artemis I, L.P. Artemis is a private equity fund focused on delivering premium returns to its investors through the acquisition of undervalued industrial technology companies where our General Partners can add significant value with their unique blend of strategic, operational, business development and financial skills. Artemis seeks to invest in companies or divisions of larger companies that have unique products in niche markets but have been restricted from growth due to management limitations or the lack of investment from a parent company that views the division as non-strategic. Artemis seeks to invest in entities that have unique products, in niche markets, but have been restricted from growth due to management limitations or the lack of investment and attention from a parent company that viewed the business as non-strategic. Artemis targets investments in companies that market sensors, devices, controls, instruments, automation, software and related devices into following industries: - Industrial automation - Laboratory and life science instrumentation and automation - Energy and alternative energy instrumentation controls and components - Test and measurement instrumentation and devices - Medical devices - Defense and Homeland Security - Water and Wastewater Treatment **The target profile of companies in which the Fund seeks to invest is as follows:** - Revenues of $2 million to $50 million - EBITDA of $500,000–$5 million (typically less than $2 million) - Proven products and established customer relationships with recurring revenue streams - Unique and defensible products, technology and/or intellectual property in niche markets - Growing markets with identified growth opportunities such as new customer relationships, new distribution channels and/or expansion into new markets. - Strong functional management with in-depth industry knowledge Artemis intends to significantly increase the value of all acquired companies by developing a clear and focused strategy, aggressively pursuing new revenue opportunities, implementing financial and operational disciplines, adding top quality personnel to the management team and board, and growing through acquisition, if appropriate.   - [![Engineering Tomorrow: McDanel Optics For High-Performance Glass & Sapphire Solutions](https://insights.artemislp.com/hs-fs/hubfs/mcdanel-feature1_Optics_.jpg?width=1300&height=815&name=mcdanel-feature1_Optics_.jpg) ](https://insights.artemislp.com/blog/engineering-tomorrow-mcdanel-optics) [ February 26, 2025 ](https://www.artemislp.com/2021/07/) #### [Engineering Tomorrow: McDanel Optics For High-Performance Glass & Sapphire Solutions](https://insights.artemislp.com/blog/engineering-tomorrow-mcdanel-optics) Artemis industrial tech portfolio companies specialize in embedded technologies... [Read More ](https://insights.artemislp.com/blog/engineering-tomorrow-mcdanel-optics) - [![Engineering Tomorrow: McDanel Advanced Material Technologies](https://insights.artemislp.com/hs-fs/hubfs/mcdanel-feature2.jpg?width=1300&height=815&name=mcdanel-feature2.jpg) ](https://insights.artemislp.com/blog/engineering-tomorrow-mcdanel) [ February 20, 2025 ](https://www.artemislp.com/2021/07/) #### [Engineering Tomorrow: McDanel Advanced Material Technologies](https://insights.artemislp.com/blog/engineering-tomorrow-mcdanel) Artemis industrial tech portfolio companies specialize in embedded technologies... [Read More ](https://insights.artemislp.com/blog/engineering-tomorrow-mcdanel) - [![Artemis Announces Promotion of Lukas Buckley](https://insights.artemislp.com/hs-fs/hubfs/social-suggested-images/insights.artemislp.comhubfsArtemis%20New%20Hire%20Blog%20Asset-1-1.png?width=1300&height=815&name=insights.artemislp.comhubfsArtemis%20New%20Hire%20Blog%20Asset-1-1.png) ](https://insights.artemislp.com/blog/lukas-buckley-promotion) [ January 9, 2025 ](https://www.artemislp.com/2021/07/) #### [Artemis Announces Promotion of Lukas Buckley](https://insights.artemislp.com/blog/lukas-buckley-promotion) Artemis is proud to announce the promotion of Lukas Buckley to Vice President. Lukas has... [Read More ](https://insights.artemislp.com/blog/lukas-buckley-promotion) [next ](https://insights.artemislp.com/blog/2011/09/29/kcb-janis-investments)