Cynosure Group Hits $750M Hard Cap on Third Growth Equity Fund

Cynosure Group said January 22 it closed its third growth equity fund, Cynosure Partners III, at its $750M hard cap.

The Salt Lake City-based diversified investment firm said existing and new investors participated in the fundraising, including endowments, foundations, family offices, public and private pension funds, insurance companies, consultants, fund of funds, and RIAs. According to Dakota data, the Colorado Fire and Police Pension Association is among the institutional investors in the fund, committing $35M.

In an amended filing with the SEC dated March 19, 2024, Cynosure noted that it opened Cynosure Partners III for subscription a little over a year earlier. At the time of filing, the fund had secured $436.8M in capital commitments from 117 investors. Equus Financial Consulting assisted Cynosure in marketing the fund across 23 states in the US, while Mayer Brown provided legal counsel for the fundraising.

The fund targets founder-led and management-owned lower-middle-market companies in North America involved in traditional industries, including financial services, business services and industrials, and consumer services.

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Written By: Dakota

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