New Funds

Avista Healthcare Partners has closed Avista Healthcare Partners CV II LP (ACV II), a single-asset continuation fund for GCM, a maker of precision medical components. The

Banner Capital Management has recapitalized eight portfolio companies into a $400 million continuation vehicle, Banner Capital Fund I, L.P., and has formally launched Banner Capital

Virent Capital has been launched by Connor McMahan, a former partner at L2 Capital, to invest in companies operating in the U.S. lower middle market.

Eagle Merchant Partners has closed its second private equity fund, Eagle Merchant Partners Fund II LP, with $415 million in capital commitments. The new fund

Invictus Growth Partners has held a final and oversubscribed close of its second flagship vehicle, Invictus Growth Fund II LP, with $574 million in total

Denali Growth Partners (DGP) has held a final close of Denali Growth Partners Fund II LP with $400 million in limited partner commitments, surpassing its

Southfield Capital has held a final close of its fourth fund, Southfield Capital IV LP, with $560 million in capital commitments. Fund IV closed above

Allied Industrial Partners (AIP) has held a final and above target closing of its oversubscribed debut fund, Allied Industrial Partners I-A and I-B LP (Fund

Escalate Capital Partners has held a final closing of its fifth fund, Escalate Capital V LP, with $350 million in committed capital. Limited partners in

GEM has held a final, above-target, and oversubscribed close of GEM IS Fund LP (Fund IS), the firm’s inaugural fund dedicated to independent sponsors, with

KSL Capital Partners has held a final close of its second tactical opportunities fund, KSL Capital Partners Tactical Opportunities II LP (Tac Opps II), with