PEP News Template

New Heritage Capital has held an above target and oversubscribed closing of its fourth fund, New Heritage Capital IV LP, with $438 million in capital. Fund IV’s limited partners include North America and Europe-headquartered consultants, endowments, insurance companies, public pensions, family offices, asset managers and funds of funds. “We are grateful for the strong support…...

Tower Arch Capital has closed Tower Arch Partners III LP with $750 million of capital commitments. Fund III closed at its hard cap in a single closing and was substantially oversubscribed. Limited partners in Fund III include current and former management team members, foundations, financial institutions, university endowments, and family investment offices. Tower Arch professionals…...

Shorehill Capital has held a final, oversubscribed closing of its second fund, Shorehill Private Equity II LP, with $260 million in capital commitments, exceeding its $250 million target. Chicago-based Shorehill makes control investments in North American-based middle market companies that have from $3 million to $15 million in EBITDA and enterprise values ranging from $20…...

L Squared has held the final closing of its fourth private equity fund with $840 million of capital. The firm’s earlier fund closed in September 2020 with $505 million of capital. L Squared invests from $50 million to $125 million of equity in North America-based companies that have revenues of $20 million to $125 million…...