Caspian Private Equity has held a final close of Caspian Private Equity II, LP (CPE II) with $242 million of commitments. This is well above them firm’s initial fundraising target of $200 million. The new fund was raised from 85 limited partners.
CPE II makes direct non-control equity investments primarily in US-based lower middle market private companies. “The primary investment strategy of CPE II leverages Caspian relationships, market knowledge, and investment expertise to realize significant capital appreciation by making equity and equity-related investments in private companies typically on a non-control basis,” said Nitin Gupta, partner of Caspian and lead investment professional for CPE II.
“We are very pleased with the success of CPE II fund raising,” said Nader Motamedy, Chief Executive Officer and founding partner of Caspian. “Our success is due to the trust and support of our existing limited partners as well as our new institutional clients. This is a testament to the strong track record of our prior fund and to the strength of our team at Caspian.”
Caspian Private Equity has $2.1 billion of capital under management and focuses on the US private equity markets and offers its investors opportunities to invest in both private equity funds and direct investments through separately managed accounts or fund vehicles. Caspian was spun-off in March 2008 from Caspian Capital Management and currently is an affiliate of Natixis Global Asset Management, a large asset management firm based in Paris (www.natixis.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 1-23-15
