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Laxman Pai, Opalesque Asia: The Jordan Co., a middle-market private equity firm investing primarily in North American businesses, closed its latest middle-market buyout fund, The Resolute Fund V, at $5 billion.
The oversubscribed fund closed above its hard cap of $4.5 billion, a spokeswoman for The Jordan Co. said in a press release. Its predecessor vehicle collected $3.63 billion in 2018.
The Resolute V has received capital commitments from a diverse group of limited partners including U.S. public pension funds, sovereign wealth funds, multinational corporations, insurance companies, fund of funds, endowments, foundations, family offices, and other investors, making it the largest fund raised in the Firm's history.
"We are grateful for our investors' support and continued confidence in our investment strategy as we close the largest fund in our nearly 40-year history," said Rich Caputo, Chief Executive Partner of The Jordan Company.
It invests in middle-market businesses across consumer and health care, industrials, logistics and supply chains, technology, telecom, and utility sectors; the fund is already 50% allocated, according to the news release.
The Fund is already over 50 percent allocated and has made several investments, including in Specialty Building Products, the leading North American distributor of specialty building products and provider of critical logistics solutions, and AIT Worldwide Logistics, which specializes in air and sea frei...................... To view our full article Click here
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