THL Closes New Automation Fund

THL Closes New Automation Fund

Thomas H. Lee Partners (THL) has closed THL Automation Fund LP with $900 million of capital. The new fund invests in partnership with the THL’s flagship funds in companies that provide automation products, software or services, or use technology to improve productivity in business processes. Specific targets within automation include software and artificial intelligence, robotics, […]

CIVC Proves There’s Life After Fifty

CIVC Proves There’s Life After Fifty

CIVC Partners has closed its sixth fund, CIVC Partners Fund VI LP, with $525 million of limited partner capital commitments. The new fund had an original target of $450 million and also closed above its original hard cap. Fund VI was backed by both existing and new investors, including insurance companies, fund of funds, pension […]

Fund Six Hits Hard Cap at Carousel

Fund Six Hits Hard Cap at Carousel

Carousel Capital has held a first, final, and hard cap closing of its sixth buyout fund, Carousel Capital Partners VI LP, with $700 million of capital. Carousel completed the raising of Fund VI in just over two months. Carousel’s new fund received support from its existing investors and several new institutional investors. Carousel invests in […]

GTCR Closes Fund Thirteen

GTCR Closes Fund Thirteen

GTCR has closed its thirteenth fund, GTCR Fund XIII LP, with $7.5 billion of limited partner capital commitments. The new fund, raised in just five months, had a target of $6.75 billion and was oversubscribed. Fund XIII is the largest investment fund in GTCR’s history. Investors in Fund XIII include public pension funds, endowments, foundations, […]

Graham Closes Fifth Fund

Graham Closes Fifth Fund

Graham Partners has held a final, oversubscribed, and hard cap closing of its fifth fund, Graham Partners V LP, with $937 million of capital commitments. Graham’s new fund, like earlier funds, will invest in technology-driven manufacturing-related companies in the food, medical, building products, transportation, and packaging sectors that have EBITDA between $5 million and $50 […]

Thoma Bravo Hits Hard Cap Trifecta

Thoma Bravo Hits Hard Cap Trifecta

Thoma Bravo, an active investor in the software and technology sectors, has completed fundraising for three funds totaling more than $22.8 billion in capital commitments: Each of the three new funds – Thoma Bravo Fund XIV LP (Fund XIV) with $17.8 billion of capital, Thoma Bravo Discover Fund III LP (Fund Discover) with $3.9 billion […]

Arbor Grabs $1.7 Billion of Dry Powder

Arbor Grabs $1.7 Billion of Dry Powder

Arbor Investments has closed its fifth fund, Arbor Investments V LP (Arbor V), with $1.5 billion of outside capital commitments. The firm has also closed its second captive subordinated debt fund, Arbor Debt Opportunities Fund II LP (Arbor Debt II), with $168 million of outside capital commitments. The marketing and closing of these two funds […]

HarbourVest’s Performance Leads to Hard Cap Close

HarbourVest’s Performance Leads to Hard Cap Close

HarbourVest Partners has held an oversubscribed and hard cap close of its latest secondaries fund, Dover Street X LP (Dover X), with $8.1 billion of capital commitments. The hard cap close of Dover X follows strong net IRR performances by earlier Dover funds including Dover IX (2016 vintage) at 65.6%; Dover VIII (2012) at 22.4%; […]

Long Ridge Hits Hard Cap

Long Ridge Hits Hard Cap

Long Ridge Equity Partners has held an oversubscribed, hard cap, and final closing of Long Ridge Equity Partners III LP with $445 million of capital commitments. Limited partners in the new fund committed $400 million of the capital and are comprised of endowments and foundations, public pensions, funds of funds, insurance companies, wealth managers, and […]

Plexus Above Target on Fund Five

Plexus Above Target on Fund Five

Plexus Capital has held a final above target close of Plexus Fund V LP with $502 million of capital. Like its earlier funds, Fund V will invest up to $40 million in profitable US-based companies with $10 million to $150 million in revenue and EBITDA up to $20 million. The firm invests across a wide […]