FUNDRAISING NEWS | October 04, 2024
Tags: Private Equity
Prospect Partners said it was oversubscribed and has made a final close on its fifth pre-lower-middle-market buyout fund at its $225M hard cap, hitting the cap after nine months in the market.
In an October 1 press release, the Chicago-based firm said that, as with its predecessor funds, Prospect Partners Fund V will focus on North American businesses “at inflection points in the speciality services, niche manufacturing, and value-added distribution sectors.” During the fundraise, Fund V completed its first investment in Extera Building Solutions.
Monument Group acted as exclusive placement agent in the capital raise, while Latham & Watkins LLP acted as fund counsel.
Written By: Matt Hirst, Editorial Director
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