Court Square Raises $3.8 Billion

Court Square Capital Partners has held an above-target close of its fifth fund, Court Square Capital Partners Fund V LP (Fund V), with $3.8 billion in capital commitments.

Fund V is the largest fund the firm has ever raised, and the general partner is its largest investor. Limited partners in Fund V include more than 40 new investors, including pensions, asset managers, insurers, and family offices, from more than 20 countries.

“We are grateful for the trust and support from both longstanding partners and new investors in Fund V,” said Chris Bloise, president and managing partner of Court Square. “This close signals continued confidence in our approach and our ability to partner with founders, families, and management teams to drive long-term value and growth. We are incredibly excited about the opportunity set across our target sectors, and we continue to find compelling ways to deploy capital in the current market environment.”

New York City-based Court Square makes control investments in middle-market companies that have enterprise values of $150 million to $1.5 billion. Fund V follows the firm’s earlier fund, which invested in 23 companies across the firm’s core sectors, including industrial, business services, healthcare, and tech and telecom.

Fund V has already closed six platform investments. Earlier this month, the fund invested in CallTower, a Utah-headquartered provider of internet-based business phone and communication systems, including Microsoft Teams, Webex, Zoom, and contact-center platforms such as Genesys Cloud CX and Five9, serving multi-location mid-sized and large businesses.Other recent Court Square platforms include AVANT, a Chicago-based provider of technology advisory and distribution services that help mid-sized and large enterprises select and manage IT systems, including cloud, cybersecurity, communications, and network infrastructure (December 2025); and DCCM, a Houston-based provider of engineering services for public infrastructure projects, including highways and bridges, water and wastewater systems, and power and utilities networks (June 2025).Overall, since the firm’s founding in 1979, Court Square has invested more than $13.4 billion of capital in over 245 platform investments.

“We believe this result underscores Court Square’s 47-year track record of delivering consistent performance to our investors,” said Rick Walsh, a partner at Court Square. “We place a strong emphasis on investor alignment, supported by our history of co-investment activity alongside our investors and a GP commitment that has increased fund-over-fund. Our DPI story also helped our efforts, given that we’ve returned $7.4 billion from 17 full exits and 15 dividend recaps since 2022, the year the Fed started raising rates.”

Raymond James Private Capital Advisory and HMC Capital were the placement agents for this fundraise, and Kirkland & Ellis provided legal services.