Former Lariat Partners’ professionals Jay Coughlon, Mac Hampden, and Jason Urband have launched Fruition Partners, a new Denver-based private equity firm. Fruition invests in lower middle-market companies that have EBITDA of $2 million to $20 million. Areas of specific interest include niche companies with recurring revenue or consumable business models and those with above-market operational […]
Incline Equity Partners has closed Incline Elevate Fund LP (Elevate) with $314 million of total capital commitments. The new fund will invest exclusively in the lower middle market, a segment of the market where Incline has had success but had outgrown in its flagship fund, Incline Equity Partners IV LP (Fund IV), which closed in […]
RoundTable Healthcare Partners has closed its fifth fund, RoundTable Healthcare Partners V LP, with $700 million in capital commitments. RoundTable is an operating-oriented private equity firm focused exclusively on the healthcare industry. The firm’s new fund will be overseen by a management committee consisting of managing partners Thomas Kapfer, Pierre Fréchette, and R. Craig Collister, […]
Flexpoint Ford has held the first and final close of Flexpoint Fund IV LP (Fund IV) at $1.5 billion and its companion fund Flexpoint Overage Fund IV LP (Overage Fund IV) at $500 million. Flexpoint Ford did not use a placement agent for this fund raise. Flexpoint Ford invests from $50 million to $500 million […]
Gryphon Investors has held a final closing of Gryphon Partners V LP at its hard cap of $2.1 billion. The new fund was oversubscribed and exceeded its original target of $1.5 billion. Gryphon V’s investors include domestic and international pension funds, insurance companies, asset managers, endowments, foundations, and high net worth families. Approximately 38% of […]
Clearlake Capital Group has held a final close of Clearlake Opportunities Partners II LP (COP II) with $1.4 billion of capital commitments. COP II was oversubscribed and closed at its hard cap. The new fund will make non-control investments in middle market companies across Clearlake’s target sectors of software and technology-enabled services; industrials and energy; […]
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 & 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 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 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 […]
