ABS Capital Nears Close On Sixth Fund

ABS Capital Partners expects to close its sixth fund by the end of the month, sources familiar with the effort told Buyouts.

The firm is also preparing to announce its first investment with the fund, our sources said.

The Baltimore-based firm, which invests in later-stage growth companies, has reached its $400 million target for ABS Capital Partners VI LP and is waiting on two more potential commitments, our source said. peHub, the sister publication of Buyouts, reported in December the firm had raised $350 million.

Fund VI will mark an increase of at least $100 million from its previous fund, closed in 2006. However, the firm’s third and fourth funds, raised in 1999 and 2000, were $427 million and $450 million, respectively.

Read the rest of this story at the website for Buyouts magazine, where Bernard Vaughan is an Associate Editor.