New
Funds
GenNx360 Raises its Biggest Fund
Fund IV has already made five investments across infrastructure services, testing and inspection, aerospace and defense, IT services, and food services
GenNx360 Capital Partners has closed its fourth flagship fund with $865 million in commitments, above target and the biggest fund it has raised. The Fund IV close comes twenty years into a strategy of buying founder- and management-led industrial and business services companies in the lower middle market. GenNx360 makes control investments in industrial and business services companies in the United States, concentrating on industrial machinery and components, oil and gas, logistics and supply chain,…
Broadwing Capital Takes Flight with a $440 Million Debut Fund
The new fund was oversubscribed and closed above its $350 million target and its hard cap
Broadwing Capital Management has closed its inaugural fund, Broadwing Capital Fund I LP, with $440 million in commitments, exceeding both its $350 million target and its hard cap. Institutional investors in Fund I include pension plans, insurance companies, foundations, funds of funds, family offices, and registered investment advisors. Broadwing makes control investments in North America-based manufacturing and services companies that have from $5 million to $25 million in EBITDA. The Dallas-headquartered firm was founded in…
Monogram Gives Mountaintop Beverage a Refill
A single-asset continuation vehicle led by Apollo S3 tops up the tank for the low-acid aseptic co-manufacturer’s Morgantown expansion
Monogram Capital has closed a single-asset continuation fund for Mountaintop Beverage, a contract manufacturer of shelf-stable and refrigerated beverages. The new fund and transaction, led by Apollo S3, Apollo Global Management’s platform for sponsor and secondary transactions, moves Mountaintop out of Monogram Capital Partners II, the firm’s second fund. Other investors in the fund include Partners Capital, TIFF and H7 Capital and other institutional investors. Mountaintop Beverage makes beverages under contract for other brands —…
Blue Sea Closes Continuation Vehicle for One Physics
The oversubscribed single-asset vehicle extends the firm's six-year partnership with the outsourced medical physics provider and adds fresh capital for acquisitions
Blue Sea Capital has closed its first single-asset continuation vehicle for One Physics, an outsourced provider of the safety and compliance testing that keeps hospital radiation equipment running within regulatory limits. The new continuation fund was supported by a syndicate of institutional secondary and credit investors including Apogem Capital, a private markets affiliate of New York Life that manages approximately $44.6 billion, and Churchill Asset Management, the Nuveen-affiliated middle market financing specialist with $66 billion…
LLCP Closes Lower Middle Market Fund IV at $2.0 Billion Hard Cap
The fund was oversubscribed, surpassing its $1.7 billion target to reach its hard cap
LLCP has held the final closing of LLCP Lower Middle Market IV LP (LMM IV) with $2.0 billion of total capital commitments. The fund was oversubscribed, surpassing its $1.7 billion target and closing at its hard cap. LLCP began marketing LMM IV in December 2025 and drew support from its existing investor base as well as a new group of institutional investors from around the world. Backers include sovereign wealth funds, public pension plans, endowments,…
Model Behavior: Uplift Closes Its Debut Fund at $670 Million
The Darien, Connecticut firm was founded in 2025 by three partners who had invested together for a decade.
Uplift Investors has closed its inaugural fund at its $670 million hard cap, roughly 16 months after three partners who had invested side by side for a decade launched the services-focused private equity firm. Limited partners in the new fund include pension funds, endowments, foundations, insurance companies, and family offices. Uplift invests in services companies. Rather than organizing its strategy around specific industries, Uplift focuses on how a company operates and makes money. The firm…
Warren Wraps Up a Banner Fundraise
Warren closes Fund V with $2.8 billion in hard cap capital
Warren Equity has closed Warren Equity Partners Fund V LP and Warren Equity Partners Fund V-A LP, with a combined $2.8 billion in total capital commitments. The new raise exceeded the firm’s initial $2.3 billion target and was oversubscribed. The fund drew commitments from more than 60 global institutions, including pension funds, insurance companies, asset managers, endowments, foundations, and family offices. Warren Equity Partners (WEP) invests in middle market businesses that maintain, operate, and upgrade…
Align Closes Two Funds at Hard Cap, Raising More Than $1.1 Billion
The simultaneous closings mark the firm's fourth flagship private equity vehicle and second fund dedicated to independent sponsor transactions
Align Capital Partners has closed its fourth private equity fund and its second independent-sponsor-focused fund simultaneously, raising a combined total of more than $1.1 billion. Align Capital Partners Fund IV LP closed at its hard cap with $770 million in commitments, while Align Collaborate Fund II LP closed at its hard cap with $375 million in commitments. The firm began fundraising for both funds in April 2026 and held a final close on June 15….
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,…
Other Recent Funds
