A group of five private equity professionals, with previous connections to Indianapolis-based Hammond, Kennedy, Whitney & Co. (HKW), have teamed together to launch Monument MicroCap Partners (MMP). MMP will look to acquire historically profitable US and Canadian-based companies that have EBITDA from $1 million to $5 million. Sectors of interest include niche manufacturing with meaningful […]
Summit Park has held a final closing of its third fund, Summit Park III LP, with $245 million of capital commitments. The new fund exceeded its original target of $200 million. Summit Park’s earlier fund closed in April 2015 with $118 million of capital commitments. Summit Park invests in lower middle market companies that have […]
The former management team of Wafra Partners, the direct equity division of Wafra, has spun out to form Granite Bridge Partners. Forming and joining Granite Bridge are Peter Petrillo, Jeff Gerson, Mike Goodman, Eric Norfleet, Ryan Wierck and Sam Green. Mr. Petrillo leads the firm as Managing Partner. With backing from Spring Bridge Partners and […]
The Carlyle Group has held a final close of its newest US buyout fund, Carlyle Partners VII, at $18.5 billion. More than 320 investors from 57 countries committed capital to the new fund, which exceeded its $15 billion target and closed at its hard cap. Carlyle’s US buyout team is co-led by managing directors Peter […]
Soundcore Capital Partners has held a final hard cap close of Soundcore Capital Partners Fund II LP (Fund II) with $350 million of capital commitments. Fundraising commenced in September 2017 with an original target of $300 million. Soundcore – a name derived from the firm’s focus on “sound investments” and “core principles” – invests from […]
Periscope Equity has held an above-target final closing of Periscope Equity I LP with more than $104 million of committed capital. Limited partners in the new fund include endowments, pension funds, charitable foundations, fund-of-funds, family offices and high net worth individuals. Periscope makes control buyouts of founder or management-led lower middle market technology-enabled business services […]
ICV Partners has held a final closing of ICV Partners IV LP (Fund IV) with $585 million of committed capital. With this closing, ICV now has more than $1.3 billion of assets under management. Limited partners in Fund IV include endowments, foundations, state pension plans, family offices, gatekeepers, insurance companies and fund of funds. ICV’s […]
Diversified Trust has held a final close of DTC Private Equity VI LP and DTC Private Equity VI-Q LP (together Fund VI) with combined capital commitments of $156 million. Fund VI is the largest fund closed to date for Diversified Trust and exceeded the target of $150 million. Including Fund VI, the Diversified Trust private […]
Aterian Investment Partners has held a first and final closing of Aterian Investment Partners III LP (Fund III) with $350 million of committed capital. Fundraising for the new fund began in May 2018. Fund III received interest from both new and existing investors and the limited partner base is comprised of endowments, foundations, family offices, […]
PPC Partners has held a final closing of PPC Fund II LP (Fund II) at its hard cap of $1.8 billion. Fundraising for the new fund was launched in late 2017 and exceeded its original target of $1.5 billion. Investors in Fund II are predominantly families but also include public and private pension plans, insurance […]
