Arlington Capital Partners has held a final close of Arlington Capital Partners IV, LP with total capital commitments of $700 million, the fund’s hard cap, and in excess of its target of $575 million. The fundraise was oversubscribed and reached its final close just three months from launch.
Limited partners in Fund IV include public pension funds, corporate pension funds, insurance companies, fund of funds, and foundations. Fund IV will continue Arlington’s strategy of investing in high-growth government-related sectors including aerospace and defense, government services and technology, healthcare, and business services and software.
Arlington is one of the most active private equity firms in the government sector, having completed more than twenty transactions over the past five years. Arlington’s current portfolio includes EOIR Technologies – a provider of information technology services to the US department of defense and government intelligence agencies; Endeavor Robotics – a provider of ground-based robots for use in dangerous and hostile environments; MicroPact – a provider of case management and business process management software; and Quantum Spatial, a geospatial analytics firm.
EOIR Technologies was acquired by Arlington in June 2016 and is a great example of a company that the firm likes to acquire. EOIR’s services include cloud computing; big data analytics; data visualization; C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance); smart sensing, training and simulation; and vehicle-based target acquisition systems. EOIR has approximately 400 employees in 11 US offices and is headquartered in Fredericksburg, VA (www.eoir.com).
With the close of Fund IV, Arlington Capital Partners now has $2.2 billion of committed capital. The firm invests in buyouts and recapitalizations of companies valued from $50 million to $500 million. Sectors of interest include government services and technology; aerospace and defense; healthcare; and business services and software. Arlington Capital Partners is based in Chevy Chase, MD (www.arlingtoncap.com).
Evercore Private Funds Group was the placement agent for this fundraise and Kirkland & Ellis served as legal counsel.
© 2016 Private Equity Professional • 8-4-16
