largest division within Ivy Group) was sold to Westlake Chemical Corporation. In October 2019, OpenGate Capital closed on the firm's second institutional fund, OpenGate Capital Partners II, oversubscribed on its original $450 million target, with approximately $585 million in commitments. In that same year, the firm also completed six platform investments, and one add-on, all within the second fund. Power Partners Inc., the first investment completed in OpenGate's first fund, was realized in November 2019 through the sale to Pioneer Transformers, a portfolio company of Mill Point Partners. Other acquisitions Prior to raising its first institutional fund, OpenGate also acquired the Waukesha, Wisconsin plant and brand rights to Golden Guernsey Dairy as the result of an antitrust divestment of Dean Foods, which was required to sell the plant to purchase GGD's other plants in the state. On January 5, 2013, Golden Guernsey ceased operations without notice in an alleged violation of the State of Wisconsin's mass layoff/shutdown regulations. The Golden Guernsey plant employed over 100 workers. Past closures also included PennySaver USA and Hamilton Scientific. Several lawsuits had been filed claiming OpenGate and did not follow proper protocol under the WARN Act when firing hundreds of employees from both PennySaver and Hamilton Scientific. Philanthropy Nikou sits on the Board of YELLOW, the non-profit organization founded by Pharrell Williams. In 2014, Nikou announced that he was forming a partnership with businessman Ricardo Salinas to bring Esperanza Azteca Youth Orchestra to Los Angeles through a partnership with the city's mayor, Eric Garcetti. On October 7, 2014, an official ceremony was held to celebrate the inauguration of the first Esperanza Azteca America program at the Florence Nightingale Middle School in Los Angeles. Personal life Nikou is married with children and resides in Nevada. References External links opengatecapital.com 1977 births Living people Businesspeople from Vancouver Canadian emigrants to the United States American chief executives William Howard Taft Charter High School alumni Marshall School of Business alumni