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Laxman Pai, Opalesque Asia: Sentinel Capital Partners, the American private-equity firm focusing on mid-market companies, has closed its middle-market buyout fund Sentinel Capital Partners VII at $4.3 billion and the lower-middle-market equity and credit fund Sentinel Junior Capital II at $835 million.
The New York-based firm said in a press release that these twin closings cap a $5.2 billion fundraising.
Sentinel's latest buyout fund is double the size of its predecessor, the $2.2 billion Sentinel Capital Partners VI. Sentinel Junior Capital II is 82% larger than the firm's first structured capital solutions fund, the $460 million Sentinel Junior Capital I. Both predecessor funds closed in 2018.
David S. Lobel, founder and Managing Partner of Sentinel said: "We are incredibly pleased with the support we have received from an outstanding group of LPs - existing investors and select new global LPs - during an extremely challenging period for investors. Strong investor demand resulted in Sentinel VII securing commitments above its hard cap."
Investors in Sentinel's new funds include college and university endowments, foundations, state and government retirement systems, corporate pension plans, insurance companies, sovereign wealth funds, investment advisors, and Taft-Hartley plans based in the United States, Europe, Japan, China, Australia, and the Middle East. Investors in the new funds include Alaska Permanent Fund Corp., Juneau; Pennsylvania Publ...................... To view our full article Click here
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