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New Mountain closes Fund VII at $15.4bn

Private Equity Wire

New York-headquartered alternative investment firm New Mountain Capital has held the final close of its seventh control-oriented fund, New Mountain Partners VII, with $15.4bn in capital commitments. New Mountain’s previous flagship fund, Fund VI, was also oversubscribed and closed with approximately $9.6bn of commitments in 2020.

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TJC closes oversubscribed Resolute Fund VI at $6.85bn

Private Equity Wire

TJC, a middle-market private equity firm investing primarily in North American businesses, has held the final closing of Resolute Fund VI (Resolute VI), with total capital commitments of $6.85m, an amount significantly above its initial $6bn hard cap.

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Epiris raises over £1bn for Fund III

Private Equity Wire

Epiris, a private equity firm that targets control positions in UK-headquartered businesses with an enterprise value of between £75m and £500m, has held the final close of Epiris Fund III with total capital commitments of £1.044bn.

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Gridiron Capital closes fifth fund above target at $2.1bn

Private Equity Wire

Private investment firm Gridiron Capital has held the final closing of Gridiron Capital Fund V and its affiliated funds (Gridiron V) with $2.1bn in capital commitments, in excess of the its original $1.8bn and 56% larger then the firm’s previous fund. Gridiron Capital’s fund formation counsel was Ropes & Gray LLP.

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Orion sells further minority stake in Sweetwater Royalties at $1.9bn valuation

Private Equity Insights

Orion Resource Partners, a global investment firm specialising in metals and materials, has sold an 8% minority interest in Sweetwater Royalties, a private industrial minerals royalty company, to a Canadian pension fund for $100m.

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HighVista closes oversubscribed Private Equity X at $675m

Private Equity Wire

HighVista Private Equity X attracted support from existing investors including pension funds, endowments, foundations and family offices, in addition to several new investors, according to a press release.

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Harvest Partners closes latest buyout found at $5.3bn

Private Equity Insights

New York-based private equity firm Harvest Partners (Harvest), has closed it latest buyout fund, Harvest Partners IX and its parallel funds (HP IX) with $5.34bn in capital commitments, ahead of its $5.25bn target. HP IX is 30% larger than the firm’s previous private equity fund, which raised $4.1bn in 2019 and has been fully deployed.

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