Nautic Hits Fund IX Hard Cap

Nautic Partners has held a final closing of Nautic Partners IX LP at its hard cap with $1.5 billion of limited partner commitments. The new fund was oversubscribed and received support from both existing and new institutional investors.

Nautic Partners is a middle-market private equity firm that makes majority equity investments of $25 million to $75 million in companies that are active in the healthcare, industrial products, and outsourced services sectors.

Investors in Nautic IX include public and private pension plans, endowments, fund of funds, insurers and financial institutions, sovereign wealth funds, and family offices. Nautic closed its previous fund, Nautic Partners VIII LP, in 2016 with $900 million of committed capital.

“We are pleased by the level of support and confidence from our limited partners,” said Allan Petersen, managing director of investor relations at Nautic. “We believe the success of this fundraise is a strong endorsement of our history of delivering long-term results, as well as the strength of our team, our specialized sector expertise, and our extensive network of executive and industry relationships.”

Founded as part of Fleet Financial Group in 1986, Nautic spun out in 2000 when it raised Nautic Partners V, its first independent fund. Nautic IX is the firm’s ninth private equity fund and fifth independent fund. The firm is headquartered in Providence, RI (www.nautic.com).

Kirkland & Ellis (www.kirkland.com) provided legal services to Nautic on this fundraise.

© 2019 Private Equity Professional | March 27, 2019

Print Friendly, PDF & Email

Related Articles

With New Fund, Edgewater Adds Biz Development Pro Edgewater Capital Partners has added Jason Burmer to its team as vice president of business development. Mr. Burmer will spearhead Edgewater’s busi...
Aldine Beats Target on Fund III Aldine Capital Partners has held a final closing of its third fund, Aldine Capital Fund III LP, with total capital of $240 million. The new fund was s...
Advent Hits Fund IX Hard Cap Advent International has completed fundraising for Advent International GPE IX LP at its hard cap of $17.5 billion. The new fund was raised in only si...
Westcott Forms Private Equity Firm Westcott LLC, the investment office of the Westcott family, has formed Westcott Investment Group, a new lower middle market private equity firm. We...
Diversis Closes First Fund Diversis Capital Management has held a final closing of its inaugural fund, Diversis Capital Partners I LP, at its hard cap of $255 million. The new f...
Cohere Capital Launched in Boston Cohere Capital, a new growth-focused private equity firm, has been launched in Boston by Nik Shah and Daniel Gedney. Cohere Capital makes majority ...