CHICAGO–(BUSINESS WIRE)–Twin Bridge Capital Partners (“Twin Bridge”), a private equity firm focused on buyout investments in the North American small and lower middle market, today announced the close of its sixth lower middle market focused fund, Pacific Street Fund VI, L.P. (“Fund VI”), with more than $855 million in capital commitments. Fund VI was oversubscribed and exceeded its $800 million target.
Fund VI received commitments from both existing and new investors, including a diversified group of first-time limited partners comprised of endowments, foundations, insurance companies and family offices.
Fund VI will continue to invest in top-performing lower middle market buyout funds targeting greater than $750 million in investor commitments, in addition to co-investments alongside the fund sponsors. Similar to prior Pacific Street series funds, Fund VI will allocate between $25–$35 million for fund investments and between $10–$20 million for co-investments. Fund VI will be well diversified by vintage, investment type, sector/industry and geography.
“Over more than two decades, we have built our platform with a singular focus on the North American lower middle market, which we believe remains the most consistent and compelling segment of private equity,” said Pat Lanigan, Partner at Twin Bridge. “As the market continues to scale and larger funds move upmarket, we see increasing opportunity to access high-quality companies generally in the $150 million to $500 million enterprise value range, where we have deep relationships and differentiated insight.”
Twin Bridge has raised over $5.4 billion in capital and has invested in approximately 150 funds and over 130 co-investments since the firm’s inception in 2005. The firm has committed more than $3 billion to over 70 fund sponsors, deployed over $1.4 billion in direct equity co-investments and invested over $100 million across 16 continuation vehicles.
“With our highly focused strategy in the lower middle market, we are able to offer our investors access to top-tier sponsors and opportunities that are often difficult to source independently,” said Lanigan. “We believe our model provides a compelling value proposition, delivering strong performance with lower overall fees and enhanced diversification.”
Kirkland & Ellis LLP served as legal advisor to Twin Bridge.
About Twin Bridge Capital Partners
Twin Bridge Capital Partners is a Chicago-based private equity firm with deep experience investing in the North American small and lower middle market buyout industry. The Firm seeks to invest in leveraged buyout funds and equity co-investments across multiple industries. Twin Bridge has raised more than $5.4 billion in capital since its founding in 2005. More information is available at www.twinbridgecapital.com.