FUNDRAISING NEWS | December 13, 2024
Tags: Private Equity, Fundraising
Windy City private equity firm Frontenac aims to raise $700M for its 13th buyout fund, following on from its oversubscribed predecessor fund that closed in May 2022.
The firm has tapped Harris Williams to assist with sales and marketing of the fund, Frontenac XIII Private Capital LP, both in the US and abroad. In its regulatory filing with the SEC announcing the fund, Frontenac said it does not expect to be in the market for more than a year.
The fund's predecessor, Frontenac XII, closed at its hard cap of $520M, exceeding its target of $425M. Like its predecessor, the new fund is expected to target buyouts of North America-based companies in the consumer, industrial, and services industries with between $5M and $25M in EBITDA, making equity investments of between $25M and $75M.
Written By: Dakota
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