Cove Hill closes debut fund, with long duration, on more than $1 bln

Bain Capital Credit, private equity, Europe
Sailboat on Boston Harbor. Photo courtesy DenisTangneyJr/iStock/Getty Images
  • Fund has longer hold periods than traditional PE fund
  • Debut beat original $850 mln target
  • LPs include families, endowments, foundations
Cove Hill Partners, the firm launched by former Bain Capital executive Andrew Balson, closed its debut, longer duration fund on more than $1 billion for consumer and technology investments, sources told Buyouts. Cove Hill Partners Fund I held a so-called ...

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