Marlin Closes Fund 4 at $1.6 Billion
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Marlin Closes Fund 4 at $1.6 Billion

marlin nfMarlin Equity Partners has held a first and final closing of Marlin Equity IV, LP with $1.6 billion of capital commitments. The firm completed the fundraise at its hard-cap in just over four months and was more than three times oversubscribed from its initial $1 billion target. Credit Suisse acted as an advisor and exclusive placement agent for Fund IV.

The limited partners in Fund IV include sovereign wealth funds, public and private pension funds, endowments and foundations, insurance companies, fund of funds and family offices.

“We are pleased with the extraordinary level of support that we received from such a prestigious group of global investors,” said David McGovern, Managing Partner of Marlin. “The successful fundraise is a clear endorsement of our operationally focused investment strategy and reflects our ability to deliver superior returns to our investors and partners.”

The closing of Fund IV follows an active year for Marlin. Since the beginning of 2012, Marlin has acquired over 15 businesses, including six corporate divestitures, and has achieved five exits to strategic buyers.

Marlin Equity Partners invests in businesses that have revenues of $20 million to $1 billion and that that are in the process of undergoing varying degrees of operational, financial or market-driven change. Sectors of interest include technology, healthcare, consumer products and services, business services, manufacturing, aerospace & defense, distribution & logistics, and media. With the closing of Fund IV, the firm now has more than $2.6 billion of capital under management. Marlin is headquartered in Los Angeles with an additional office in London (www.marlinequity.com).

“In just over three years, we have more than doubled our assets under management, said Peter Spasov, a Partner at Marlin. “To have accomplished this in a difficult fundraising environment speaks to the quality of our team, our innovative and disciplined investment strategy, and the strength of our past performance across economic cycles.”

© 2013 PEPD • Private Equity’s Leading News Magazine • 7-9-13

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