The Jordan Company has held a final close on its third private equity fund, reaching its hard cap of $3.2 billion. The original target on Fund III was $3 billion. The GP committed more than $200 million to Fund III.
The Jordan Company LP, a middle market private equity firm with a long history of investing in and growing companies in partnership with management, today announced the final closing of its third private equity fund with commitments totaling $3.2 billion. The fund had a target of $3 billion, but reached its hard cap.
As with the firm’s two predecessor funds, The Resolute Fund III will target middle market companies across a variety of industries, including industrial products and services, energy, chemicals, healthcare, and financial services, with enterprise values between $100 million and $2 billion.
The fund is managed by five managing partners who have been investing together at The Jordan Company for decades, including John (“Jay”) Jordan II, Jonathan (“Jeb”) Boucher, A. Richard (“Rich”) Caputo, Adam Max and Thomas Quinn. Collectively, the Managing Partners of The Jordan Company and its affiliates have successfully completed over 100 investments. The Jordan Company’s investment professionals are joined by a team of operating executives in the firm’s Operations Management Group, which was launched in 1988.
“We are extremely gratified by the support we received from both existing and new investors worldwide in successfully raising Resolute III,” said Jordan, founder, Co-Chief Executive Officer and Managing Partner. “We continue to see that private equity remains a key component in the portfolios of many
institutional investors worldwide.”
The firm did not engage a global intermediary to assist in fundraising.
“Our limited partners understand our value-added investment approach, and appreciate the hands-on operational expertise we employ to enhance the growth of our portfolio companies,” said Caputo, Co-Chief Executive Officer and Managing Partner. “We continue to believe middle market businesses with solid market positions and good growth prospects are an attractive place to invest.”
In demonstrating a continued alignment of interest with its investors, the General Partner committed over $200 million of capital to The Resolute Fund III. Mayer Brown served as fund counsel.
About The Jordan Company LP
The Jordan Company (www.thejordancompany.com), founded in 1982, is a middle-market private equity
firm that manages funds with original capital commitments in excess of $8 billion with a 30-year track
record of investing in and contributing to the growth of many businesses across a wide range of
industries. The senior investment team has been investing together for over 20 years and they are
supported by the Operations Management Group, which was established in 1988 to initiate and support
operational improvements in portfolio companies. Headquartered in New York, The Jordan Company
also has offices in Chicago and Shanghai.