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 […]

Sweetwater’s Secondaries Fund Hits Hard Cap

Sweetwater’s Secondaries Fund Hits Hard Cap

Sweetwater Investment Management has held a hard cap, oversubscribed, and final close of its debut multi-client fund, Sweetwater Secondaries Fund II LP, with $350 million of capital. Sweetwater’s new fund invests in buyer-led secondary opportunities. Buyer-led secondaries are a type of secondary transaction where the buyer selects fund assets for purchase and assumes the role […]

H.I.G. Closes Virtually Raised Fund VI

H.I.G. Closes Virtually Raised Fund VI

H.I.G. Capital has held an above-target close of H.I.G. Capital Partners VI LP with aggregate capital commitments of $1.3 billion. Like its five prior funds, Fund VI will invest in lower middle-market companies, primarily in North America. H.I.G. specializes in providing debt and equity capital to small and medium-sized companies and invests in management buyouts, […]

Family Office Focused L Squared Closes Fund III

Family Office Focused L Squared Closes Fund III

L Squared Capital Partners has closed its oversubscribed third fund, L Squared Capital Partners III LLC, with just over $500 million of capital. The new fund was supported by the firm’s existing investors and several new limited partners including family office investors, a focus of L Squared since its founding in 2014. Family offices make […]

Blue Sage Closes Fund III, Two Platforms Acquired

Blue Sage Closes Fund III, Two Platforms Acquired

Blue Sage Capital has held a final, oversubscribed, and above target closing of its third fund, Blue Sage Capital III LP, with capital of $300 million. Blue Sage’s earlier fund closed in December 2012 with $150 million of capital. The new fund was raised with commitments from existing investors as well as new limited partners […]