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Alternative Market Briefing

Renovus Capital Partners closes $325M continuation fund

Friday, March 01, 2024

Bailey McCann, Opalesque New York:

Renovus Capital Partners a Philadelphia-area buyout firm has closed its first multi-asset continuation fund with approximately $325 million. The new fund was formed to recapitalize four portfolio companies from Renovus Capital Partners, LP and Renovus Capital Partners II, LP. In addition, the Renovus Continuation Fund makes available an incremental $60 million of capital to fund strategic acquisitions for the CV portfolio companies.

The formation and funding of the Renovus Continuation Fund was anchored by funds managed from firms including New 2ND Capital, RCP Advisors, Blackstone Strategic Part......................

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