TowerBrook Raises $3.5B Fourth Fund

Private equity firm TowerBrook Capital Partners has closed its fourth fund at $3.5 billion, it announced early Thursday.

PeHUB reported in 2012 the firm would raise its next fund for about $3 billion.

According to CalPERS figures, TowerBrook’s 2001 fund generated a 3.00x multiple, the PE firm’s 2005 Fund II had a 1.4x investment multiple and its third fund, the 2008 $2.8 billion vehicle, generated a 1.3x multiple. CalPERS has invested in TowerBrook with more than $500 million; it is unclear whether the LP bought back in for a fourth time.

TowerBrook did not publicize any of its LPs. According to Thomson Reuters’ data, past LPs include Arizona Public Safety Personnel Retirement System; Conversus Capital; Massachusetts Pension Reserves Investment Mgmt Board and the Ontario Municipal Employees Retirement System, among others.

The PE firm invested in Jimmy Choo, selling it in a successful deal with Labelux in 2011.

In 2012, TowerBrook made investments in Vistage International, a peer-advisory membership group of CEOs; Volution Group, a maker and distributor of ventilation products in the UK, and Shale-Inland Holdings. Prior investments include Sports Capital Holdings, the holding company for partnership interests in the NHL’s St. Louis Blues.

Image Credit: Shutterstock.com

Leave a Reply

PEHUB Community

Join the 12505 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget