Arlington Closes at Hard Cap

Arlington Closes at Hard Cap

Arlington Capital Partners has held a final closing of Arlington Capital Partners V LP at its oversubscribed hard cap of $1.7 billion. Fund V was raised in just three months and received commitments from a global mix of public pension funds, corporate pension funds, insurance companies, fund of funds, and foundations. The firm’s earlier fund, […]

Angelo Gordon’s Twin Brook Closes Largest Ever Fund

Angelo Gordon’s Twin Brook Closes Largest Ever Fund

Angelo, Gordon & Co. has closed AG Direct Lending Fund III LP with $2.75 billion in equity commitments. The new fund, which is managed by Twin Brook Capital Partners, Angelo Gordon’s middle market direct lending subsidiary, closed above its $2 billion target and is the firm’s largest direct lending fund to date. As with earlier […]

Aldine Beats Target on Fund III

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 significantly oversubscribed and had an initial target of $200 million. Limited partners in Fund III include financial institutions, university endowments, fund of funds, family offices, and high net […]

Advent Hits Fund IX Hard Cap

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 six months and exceeded its original target of $16 billion. Advent’s earlier fund, GPE VIII, closed at its hard cap of $13 billion in March 2016. GPE IX saw strong […]

Westcott Forms Private Equity Firm

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. Westcott Investment Group makes control equity investments and non-control growth capital investments from $3 million to $15 million in lower middle market companies that have EBITDA from $2 million to $12 million and […]

Diversis Closes First Fund

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 fund had an original target of $200 million and was raised in just six months. Investors in Fund I include endowments and foundations, investment advisers and fund-of-funds, public and […]

Cohere Capital Launched in Boston

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 or influential minority ownership investments across a range of industries but has a specific interest in majority stakes in profitable technology-enabled businesses and healthcare services companies. From 2007 to 2019, Mr. Shah […]

Granite Creek Closes Fund II

Granite Creek Closes Fund II

Chicago-based Granite Creek Capital Partners has announced today the closing of Granite Creek FlexCap II LP with $200 million of capital commitments. With the close of this fund, Granite Creek now has a total of over $400 million of assets under management. The new fund will invest from $10 million to $20 million per transaction […]

New Healthcare Firm Launched

New Healthcare Firm Launched

Grant Avenue Capital has been launched to pursue investments in mid-sized healthcare companies centered on themes of cost containment, custom solutions, consumerism and compliance. The New York City-based firm is led by Buddy Gumina, who most recently served as senior equity partner at Apax Partners. “Amidst the ever-evolving healthcare sector, we believe there are attractive […]

TA Hits Hard Cap on Lucky 13

TA Hits Hard Cap on Lucky 13

TA Associates has held a first, final, and hard cap closing of its thirteenth fund, TA XIII LP, with total capital commitments of $8.5 billion. TA began raising the new fund during the first quarter of 2019. TA XIII received commitments from a group of largely existing investors, including public pension plans, sovereign wealth funds, […]