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Laxman Pai, Opalesque Asia: The Jordan Company (TJC) has closed The Resolute II Continuation Fund, which raised about $1.3 billion from a Hamilton Lane-led investor group.
The capital raised by the continuation fund will be used to buy portfolio companies from a 2007 fund raised by The Jordon Co., the $3.6 billion The Resolute Fund II.
"The Fund provides TJC with additional time and capital to support the continued growth of key portfolio assets, while also providing Resolute II limited partners an attractive liquidity opportunity to solidify their returns," said a press release from the middle-market private equity firm.
The fund will be invested in the healthcare, industrials, technology, and transportation sectors.
"With the closing of the Fund, we are thrilled to be extending our partnership with the Fund's portfolio companies while also providing existing Resolute II limited partners optionality to receive liquidity based on their individual investment objectives," said Rich Caputo, Chief Executive Partner of TJC.
Investors in The Resolute Fund II included California Public Employees' Retirement System, Sacramento; Los Angeles County Employees Retirement Association, Pasadena, Calif.; Texas County & District Retirement System, Austin; Nebraska Investment Council, Lincoln; Ohio Police & Fire Pension Fund, Columbus; and Houston Municipal Employees Pension System.
"The transaction received strong support from existing Resolute II limited partne...................... To view our full article Click here
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