Nautic Partners Hits $4.5B Hard Cap on Oversubscribed Fund XI

Middle-market private equity firm Nautic Partners said it reached its hard cap of $4.5B in capital commitments for the eleventh generation of its flagship buyout fund series.

In an October 25 press release, the Providence, RI-based firm said Nautic Partners Fund XI was oversubscribed, exceeding its $3.75B target, with support from a diversified global investor base, including new and existing limited partners across North, Central and South America, Europe, Asia and the Middle East. The buyout fund, which targets middle-market investments within the healthcare, industrials, and services sectors, also surpassed its predecessor Fund X, which closed at $3B in 2021.

Evercore Private Funds Group served as global placement agent and Kirkland & Ellis LLP as fund counsel.

View the press release here.

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