Renovus Closes Oversubscribed 4th PE Fund at $875M

Philadelphia-based private equity firm Renovus Capital Partners announced that it has raised $875M in aggregate capital commitments, exceeding the target size of $750M, for its fourth private equity fund, Renovus Capital Partners IV Core Buyout.

In a press release published October 8, the middle-market buyout strategy said it received $825M in commitments from the US Small Business Administration and Renovus’ limited partners, including pensions, university endowments, and family offices, while the remaining $50M came from the general partner. Similar to its predecessor, Renovus IV specializes in making control investments in lower-middle-market SMEs within education, technology, healthcare, and professional services.

Renovus said it has raised more than $1B from its first three private equity funds, with a total of over $2B in managed private equity assets.

View the press release here: https://renovuscapital.com/renovus-capital-partners-announces-close-of-fourth-private-equity-fund-oversubscribed-at-875-million/