Capital Partners Hits Hard Cap

Capital Partners has held a final closing of its third fund, Capital Partners Private Equity Income Fund III LP, at its hard cap with $600 million in capital commitments.

Fund III raised capital from a cross-section of limited partners, including insurance companies, public and private pension funds, endowments, foundations and high net worth individuals.

“We are very pleased with the strong support from both our existing and new investors for Fund III,” said Rob Tucker, a Managing Partner of the firm. “We are quite fortunate to have such a distinguished group of investment partners.”

The firm’s earlier fund, Capital Partners Private Equity Income Fund II LP, closed in January 2014 with total committed capital of $360 million.

Capital Partners makes control investments in small and mid-sized family and management-owned companies that have revenues from $20 million to $250 million and EBITDA of $4 million to $25 million. Sectors of interest include manufacturing, value-added distribution, specialty consumer and business services. Capital Partners was founded in 1982 and is headquartered in Norwalk, CT (www.capitalpartners.com).

Capital Partners used Lazard as its placement agent in the raising of Fund III.

© 2017 Private Equity Professional | December 11, 2017

Print Friendly, PDF & Email

Related Articles

Go Froth and Prosper? Middle market deal valuations continued to show signs of plateauing in the third quarter of 2018, according to GF Data’s just-released November report...
Littlejohn Closes Fund VI Littlejohn & Co. has held a final closing of Littlejohn Fund VI LP with $2.84 billion of committed capital, exceeding the fund’s target of $2.5 bi...
KPS Names New Partners KPS Capital Partners has promoted Raquel Palmer to Co-Managing Partner, and Ryan Baker and Kyle Mumford have been promoted to Partner. KPS Capital ...
Crossplane Launched in Dallas Crossplane Capital, a new lower-middle market private equity firm, has been launched in Dallas. The new firm was founded by partners Brian Hegi and Be...
Roark Closes New Funds Roark Capital Group has completed fundraising for its two newest funds, Roark Capital Partners V LP and Roark Capital Partners II Sidecar LP, with a t...
Peloton Formed by Ex-OTPP Pros Two former managers of Ontario Teachers’ Pension Plan have launched Peloton Capital Management to invest in mid-market buyouts in Canada and the US. ...