Gryphon Closes Second Mezz Fund at Hard Cap

Gryphon Closes Second Mezz Fund at Hard Cap

Gryphon Investors has held a final closing of Gryphon Mezzanine Partners II LP at its hard cap with $300 million of capital commitments. The new fund was oversubscribed and closed above its $225 million target with commitments from both new and existing limited partners. The new mezzanine fund will participate on a minority basis in […]

CapStreet Hits Hard Cap

CapStreet Hits Hard Cap

The CapStreet Group has held a final closing of CapStreet V LP at its hard cap with total commitments of $500 million. The new fund had an original target of $400 million in commitments. CapStreet makes control investments in privately held, lower middle-market companies that have annual EBITDA between $3 million and $20 million and […]

May River Closes Sophomore Fund

May River Closes Sophomore Fund

Following a short three-month fundraising process, May River Capital has held a final on-target closing of its second fund, May River Capital Fund II LP, with $300 million of limited partner capital commitments. The demand for the new fund substantially exceeded its target size. Limited partners in the new fund include university endowments, insurance companies, […]

Parthenon Beats Target

Parthenon Beats Target

Parthenon Capital has held a first and final closing of Parthenon Investors VI LP, with more than $2 billion in commitments. The original target for the new fund was $1.5 billion. “We appreciate the rapid and significant support we received from existing limited partners and welcome an outstanding group of new investors to the Parthenon […]

LNC Closes $300 Million Fund II

LNC Closes $300 Million Fund II

LNC Partners has held a final hard-cap closing of its second investment fund, LNC Partners II – SBIC LP (LNC II) with total commitments, including leverage, of $300 million. LNC II was oversubscribed and received support from both existing and new investors, including financial institutions, fund of funds, university endowments, family offices, and high net […]

Leonard Green Hits Hard Cap on Two New Funds

Leonard Green Hits Hard Cap on Two New Funds

Leonard Green & Partners has held final closings of the firm’s eighth private equity fund, Green Equity Investors VIII LP (GEI VIII), with $12 billion of capital; and its inaugural dedicated middle-market fund, Jade Equity Investors LP (Jade), with $2.75 billion of capital. Both funds were oversubscribed and closed at their hard caps. Leonard Green […]

Revelstoke Closes Fund II

Revelstoke Closes Fund II

Revelstoke Capital Partners has held a final closing of Revelstoke Capital Partners Fund II LP (RCP Fund II) and Revelstoke Single Asset Fund I LP (RSAF I). RCP Fund II, which had an original target of $500 million, was oversubscribed and closed at its hard cap with $714 million of commitments. RSAF I is a […]

Dyal Closes Largest Minority Fund Ever Raised

Dyal Closes Largest Minority Fund Ever Raised

Dyal Capital Partners, a division of Neuberger Berman, has held a final closing of Dyal Capital Partners IV LP (Fund IV) with over $9 billion of committed capital. The new fund increased its target by more than $3.5 billion during its marketing period and was heavily oversubscribed at its final close on October 31, 2019. […]

Cortec’s Seventh Fund is “One and Done”

Cortec’s Seventh Fund is “One and Done”

Cortec Group has held a first and final closing of its seventh institutional private equity fund, Cortec Group Fund VII LP, at its hard cap of $2 billion. Cortec began raising Cortec VII in August 2019 with a $1.9 billion target. After slightly more than one month of investor due diligence meetings, the firm had […]

ZMC Closes at Hard Cap

ZMC Closes at Hard Cap

After just seven months of fundraising, ZMC has held a final close of ZMC III LP and ZMC III Parallel LP (together Fund III) with total capital commitments of $775 million. The new fund was substantially oversubscribed, exceeded its $650 million target, and closed at its hard cap. Both existing and new limited partners invested […]