Sycamore Partners closes third fund on $4.75 bln

private equity, secondary sales, Greenhill Cogent, Evercore, Mercury Capital Advisors, Brian Mooney, Sabina Sammartino
Photo courtesy shapecharge/iStock/Getty Images

New York-based Sycamore Partners, a private equity firm focused on consumer and retail investments, has raised $4.75 billion for its third fund.

The limited partners of Sycamore Partners III LP include endowments, foundations, funds of funds, family offices, insurance companies, pension plans and sovereign wealth funds.

In June 2014, Sycamore raised $2.5 billion for its second fund. No performance data was available on the fund.

Acalyx Advisors Inc was the placement adviser for Fund III while Kirkland & Ellis LLP provided legal counsel.

Currently, Sycamore has about $10 billion in assets under management.

Take your pick!

  • Buyouts delivers exclusive news and analysis about private equity deals, fundraising, top-quartile managers and more. Get your FREE trial or subscribe now.
  • VC Journal provides exclusive news and analysis about venture capital deals, fundraising, top-quartile investors and more. Get your FREE trial or subscribe now.