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Laxman Pai, Opalesque Asia: Nautic Partners has raised $3 billion at its hard cap for its Nautic Partners X private equity fund.
The latest middle-market buyout fund is the firm's 10th private equity fund in its history. The previous fund, Nautic Partners IX, closed at its hard cap of $1.5 billion in 2019.
According to a press release from the middle-market equity firm focused on the health care, industrial, and services sectors, investors in the new fund were existing and new institutional investors, the firm said, including pension plans, endowments, fund of funds, insurers, and financial institutions, health systems, sovereign wealth funds, and family offices.
Investors in Nautic Partners X include New York State Teachers' Retirement System, Albany; Texas County & District Retirement System, Austin; Wyoming State Loan and Investment Board, Cheyenne; and Rhode Island Public Employees' Retirement System, Providence.
"We are privileged and fortunate to continue to have a high level of support from our limited partners, and we thank them for their efforts on an accelerated timeline during a very active market," said Scott Hilinski, Managing Director at Nautic.
"The team at Nautic continues to grow as we invest in the Firm and our people, and we will remain focused on our consistent strategy centered around a disciplined investment approach within our industry sectors of expertise, and an emphasis on value creation in partnership with our portfolio co...................... To view our full article Click here
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