New Funds

Merit Capital Partners has held a final closing of its seventh fund with $550 million of capital commitments. Fund VII closed at its target and was backed by both long-time limited partners, as well as a number of new investors. The firm’s new fund received commitments from a range of institutional partners including insurance companies,…...

Lightyear Capital has held a final close of its fifth private equity fund, Lightyear Fund V LP and Lightyear Fund V-A LP (together, Fund V), with $1.6 billion in total capital. Lightyear’s new fund is 25% higher than its $1.25 billion target and is 63% larger than the firm’s $957 million fourth fund, Lightyear Fund…...

Beringer Capital has held a final close of Beringer Capital Fund IV LP (Fund IV) with US$307 million of capital commitments. The firm’s new fund, operating as the Digital Transformation Opportunity Fund, is the largest it has ever raised. Limited partners in Fund IV – both new and existing – include pension plans, funds-of-funds, financial…...

Nautic Partners, an active investor in the healthcare, industrials, and services sectors, has held a final hard cap closing of Nautic Partners X LP with $3 billion of limited partner commitments. Nautic’s tenth fund is the largest fund the firm has ever raised and follows its earlier fund, Nautic Partners IX LP, which closed in…...

Leeds Equity has held a final and above hard cap close of Leeds Equity Partners VII LP with just over $1.4 billion of capital commitments. Leeds VII had an initial target of $1 billion, which was increased with the support of limited partners over its hard cap to accommodate investor demand. The new fund’s capital…...