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Laxman Pai, Opalesque Asia:

Access Holdings, a Baltimore-based middle-market investment firm, has raised approximately $805 million in new capital, including $525 million for Access Holdings Fund II and an additional $280 million for Fund II co-investment. This capital will be used for middle market buyouts and growth capital investments in the U.S.

The fund exceeded its target of $500 million amid strong headwinds in the private equity fundraising market, said a media release from the digitally-enabled private equity investment firm with $2.7 billion in assets.

According to the release, the fund received support from several institutional investors, including new and existing limited partners comprised of endowments, insurance companies, prominent asset managers, and others.

Investors in Access Holdings Fund I L.P. increased commitments to Fund II by an average of over eighty percent. Access Holdings Fund I closed at approximately $340 million and generated approximately $300 million of co-invest.

Access Holdings Founder & Managing Partner Kevin McAllister said: "Access' second fund close marks a significant milestone in our firm's history. We will continue to execute innovative and systemic value creation strategies that support enduring success for our stakeholders and continue to strengthen their trust in our partnership."

Since the close of Access' first fund in December 2020, market conditions have tightened. Private equity funds face a to......................

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