NEW FUNDS
Sterling’s Fourth Fund Beats Target
Sterling Investment Partners has held a final above-target closing of Sterling Investment Partners IV LP (SIP IV) with $934 million in capital commitments. Westport, Connecticut-based Sterling invests in distribution and business services companies with revenues…...
Audax Private Debt Closes Second Direct Lending Fund
Audax Private Debt has closed Audax Direct Lending Solutions Fund II LP (DLS Fund II) with $3 billion of capital commitments. The new fund – which provides senior secured unitranche and stretch senior financings –…...
Kingswood Beats Fund II Target and Hard Cap
Kingswood Capital Management has held a final closing of Kingswood Capital Opportunities Fund II LP (Fund II) with over $620 million of capital commitments. The new fund closed above its original $450 million target and…...
WestView Raises $1 Billion for Fifth Growth Equity Fund
WestView Capital Partners has closed its fifth fund, WestView Capital Partners V LP (Fund V). The new fund was oversubscribed and closed at its target and hard cap with $1 billion of limited partner commitments…....
Lift Out Capital Launches in Denver
Liftout Capital, a lower middle market private equity firm, has been launched in Denver by Eric Wolf and Bo Sutton. Both founders were former professionals at Bow River Capital. With the launch, Liftout is now…...
American Pacific Hits Hard Cap
American Pacific Group has closed its second fund, American Pacific Group Fund II LP, at an oversubscribed hard cap of $700 million. San Francisco-headquartered American Pacific is a lower middle market generalist investor with direct…...
VSS Hits Hard Cap on New Mezzanine and Equity Fund
VSS Capital Partners (VSS) has held a hard cap close of VSS Structured Capital Fund IV LP (Fund SC IV) with $530 million of capital. New York-based VSS (formerly Veronis Suhler Stevenson) makes control and non-control investments from $10 million to $50 million in companies…...
