Arlington Capital rakes in about $1.7 bln for fifth fund

Arlington Capital Partners has closed its oversubscribed fifth fund at a hard cap of about $1.7 billion. The fundraising wrapped up three months after launching.

Arlington, which is based in the Washington, D.C. area, targets high-growth government-related sectors. Fund V’s limited partners include public pension funds, corporate pension funds, insurance companies, funds of funds and foundations.

In August 2016, Arlington raised over $700 million for its fourth fund, beating its $575 million target. No performance data was available on the fund.

Evercore was the placement agent while Kirkland & Ellis LLP served as fund counsel.