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Laxman Pai, Opalesque Asia:

Warren Equity Partners (WEP), a private equity firm that invests in lower middle market operating companies primarily in North America, has struck a $1.4bn hard cap close for its fourth flagship fundraise, beating its $1.2bn target.

The Jacksonville Beach, FL-based company said in a media release that the oversubscribed Warren Equity Partners Fund IV includes commitments from a diverse group of new and returning investors including pension funds, insurance companies, endowments and foundations, fund of funds, and family offices.

"WEP invests in the form of buyouts and recapitalizations in established North American companies with a focus on businesses that maintain, operate, and upgrade infrastructure," it said.

WEP has raised over $3.3 billion in aggregate commitments and has completed 99 transactions, including the acquisition of 26 platform companies.

"Despite the challenging fundraising market, we had tremendous interest in WEP IV, which we believe was driven by the quality of our team, our performance in prior funds, the attractiveness of our investment strategy, as well as continued support from our long-time limited partners," said Steven Wacaster, Co-Founder and Managing Partner.

"We have invested significantly in our team and remain excited about continuing to build strong partnerships with market leading companies in our core sectors. Our team will work hard to continue to execute for our investors and employees at b......................

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