New
Funds
5th Century Beats Fund II Target
The new fund closes at $276 million, nearly double the size of the firm’s first fund
Chicago-based 5th Century Partners announced the final close of its second fund, 5th Century Partners Fund II LP, with $276 million in total capital commitments. Fund II closed above target and is nearly twice the size of the firm’s first fund. 5th Century Partners invests in lower middle-market healthcare and business services companies. The firm focuses on founder-owned and operated businesses and often provides first-time institutional capital. Limited partners in Fund II include both new…
THL Closes Flagship Fund X
The new $6.3 billion fund will invest across the tech, healthcare, and financial services sectors
THL Partners has closed its latest flagship fund, THL Equity Fund X LP, with $6.35 billion in capital. Limited partners in the new fund include a mix of existing and new investors, including public and corporate pension funds, sovereign wealth funds, financial institutions, and family offices across North America, Latin America, Europe, Asia, Australia, and the Middle East. With the close of Fund X, Boston-based THL has now raised over $50 billion of equity capital…
Boyne Wraps Fund III After 90-Day Raise
The Miami-based firm has completed its first platform investment from its newest fund
Boyne Capital has held the first and final close of BCM Fund III LP (Fund III) at its hard cap, with $355 million in limited partner commitments. Total commitments to Fund III, and its parallel funds, including Boyne general partner group commitments, exceeded $400 million. Fund III exceeded its $275 million target and closed just 90 days after launch. Limited partners in Fund III include family offices, fund-of-funds, foundations, endowments and high-net-worth individuals. “We are…
Achieve Partners Closes $450 Million Workforce Fund II
The new fund targets sectors facing talent shortages amid AI adoption
Achieve Partners has closed Achieve Partners Workforce II LP (Fund II) with $450 million of capital. Limited partners in the new fund include Cambridge Associates, J.P. Morgan Asset Management, Prudential, Ingka Investments and ZOMA Capital. Achieve Partners uses buyout capital to acquire tech and healthcare services businesses in sectors with acute talent shortages, then builds apprenticeship programs inside those companies so they can create their own skilled workers and scale. Achieve plans to invest the…
Dominus Surpasses Target in $640 Million Fund IV Close
Fund IV closed above its $500 million target with backing from investors across 16 countries
Dominus Capital has closed its fourth fund, Dominus Capital Partners IV LP, with more than $640 million in capital. The new fund exceeded its $500 million target and closed at its hard cap. Limited partners in Fund IV include insurance companies, pension funds, asset managers, advisors, consultants, family offices, and high net worth individuals from 16 countries. North American investors accounted for 52% of total commitments, with the balance coming from international investors. With the…
Court Square Raises $3.8 Billion
Fund V is the firm’s largest vehicle to date and already includes six platform investments
Court Square Capital Partners has held an above-target close of its fifth fund, Court Square Capital Partners Fund V LP (Fund V), with $3.8 billion in capital commitments. Fund V is the largest fund the firm has ever raised, and the general partner is its largest investor. Limited partners in Fund V include more than 40 new investors, including pensions, asset managers, insurers, and family offices, from more than 20 countries. “We are grateful for…
Leeds Equity Closes Oversubscribed Fund VIII
Leeds specializes in the education, training, and information services sectors
Leeds Equity Partners has held an above target close of Leeds Equity Partners VIII LP (Fund VIII), with total capital commitments of $1.9 billion. Fund VIII is more than $500 million larger than Leeds Equity Partners VII LP, which closed in late 2021 with over $1.4 billion of capital commitments. New York City-based Leeds Equity makes control investments in the education, training, and information services industries. The firm was founded in 1993 and has raised…
L Squared Hard Caps $2 Billion Fifth Fund
Fundraising draws support from global institutional investors and existing limited partners
L Squared Capital Partners has closed its fifth private equity fund, L Squared Capital Partners V LP, at its $2 billion hard cap. Fund V was significantly oversubscribed and more than doubles the size of the firm’s fourth fund which closed in November 2023 with $840 million in capital. L Squared’s third fund closed in September 2020 with $505 million of capital. Limited partners in Fund V include state pension funds, family offices, insurance companies,…
Lucky Number 7: Lead Edge Closes on $3.5 billion
Fund VII is the largest fund the firm has ever raised and brings its total capital raised since founding to more than $9 billion
Lead Edge Capital has closed its seventh fund with $3.5 billion in oversubscribed commitments. Fund VII is the largest fund the firm has ever raised and brings its total capital raised since founding to more than $9 billion. Lead Edge Capital makes both control and minority investments of $50 million to $400 million in equity in growth-stage software, internet, and technology-enabled businesses located in North America and Europe. Many of the firm’s target companies have…
Truelink Closes $2 Billion Fund II in Rapid Three-Month Raise
Fund II more than doubles the size of Truelink’s $950 million debut fund
Truelink Capital has held a first and final closing of Truelink Capital Fund II LP with $2.0 billion in capital commitments, exceeding its $1.5 billion target and reaching its hard cap in less than three months. Truelink’s first fund, Truelink Capital I LP, closed with $950 million in total capital in July 2024. Truelink is headquartered in Los Angeles and invests in business services and industrials companies with EBITDA ranging from $20 million to $75…
Mangrove Equity Partners Closes $250 Million Fund IV at Hard Cap
Oversubscribed fundraise marks the firm’s third consecutive oversubscribed vehicle
Mangrove Equity Partners has held a final, oversubscribed, and hard cap close of Mangrove Investors IV LP (Fund IV) with $250 million of capital. Limited partners in the new fund include a mix of institutional investors in the United States and Europe, including university and nonprofit endowments, funds of funds, family offices, pension plans, advisory firms, and former portfolio partners. Members of the Mangrove team also made personal commitments to invest alongside the fund. “We’re…
Ascend Rises with Close of New Fund
The healthcare investor closes its second fund with an oversubscribed $791 million in capital
Ascend Capital Partners has held a final, above-target, and oversubscribed close of Ascend Capital Partners Fund II LP with $791 million in total capital commitments. Ascend’s original target for Fund II was $700 million. Ascend is an investor in growth-oriented, patient-focused healthcare services companies. The New York City-headquartered firm was founded in 2019 by In Seon Hwang, formerly the global head of healthcare at Warburg Pincus, and Dr. Richard Park, founder and former chief executive…
Soundcore Closes Fund III Above Target at $450 Million
New York firm secures commitments from 117 limited partners across 12 countries
Soundcore Capital Partners has closed Soundcore Capital Partners Fund III LP with $450 million in capital commitments, exceeding its self-imposed hard cap. The successful close of Fund III follows the firm’s $350 million second fund, which closed in 2018. Limited partners in the new fund — totaling more than 117 investors across 12 countries — include both existing and new insurance companies, public and corporate pension plans, endowments, foundations, single- and multi-family offices, fund-of-funds, investment…
HGGC Closes $3.2 Billion Fund V Above Target and Hard Cap
Fund V backs four platform investments prior to final close
HGGC has closed its fifth flagship fund, HGGC Fund V LP, with approximately $3.2 billion in capital commitments, exceeding its $2.5 billion target and original $2.8 billion hard cap. HGGC launched the fundraising for this fund in March 2025. Limited partners in the new fund include both new and existing public and private pension funds, sovereign wealth funds, insurance companies, family offices, and other institutional investors. HGGC (formerly Huntsman Gay Global Capital) makes leveraged buyout,…
Guardian Closes $441 Million Fund IV at Hard Cap
Lower middle-market investor gains backing from longtime and new limited partners
Guardian Capital Partners has held an oversubscribed and hard cap close of its fourth flagship fund, Guardian Capital Partners Fund IV LP (Fund IV), with $441 million in total capital commitments. The new fund’s final close was reached seven months after its first close. Limited partners in Fund IV include both new and long-term investors, some since the firm’s founding in 2008, including university endowments, foundations, fund of funds and family offices. Guardian’s earlier fund,…
Simply Magic: New Merlin Fund is Partners Capital’s Largest Ever
New fund invests in lower- and middle-market buyouts alongside private equity sponsors
Partners Capital has closed Partners Capital Merlin Co-Investment Fund IV (Merlin IV) with more than $1 billion in commitments. The new fund includes commitments from family offices and institutional investors across North America, Europe, Asia and Africa. Partners Capital said Merlin IV is the largest fund raised under the firm’s co-investment platform. “This exciting milestone reflects our ability to source distinctive co-investment opportunities for our clients,” said Arjun Raghavan, the CEO of Partners Capital. “Our…
Other Recent Funds
