Despite Setbacks, 41-Year-Old Shop Keeps Going: UPDATED

Firm: Frontenac Co.

Fund: Frontenac X Private Capital LP

Target: $400 million

Frontenac Co., a 41-year-old firm that has faced serious challenges in the last decade, is looking to raise another fund, which would likely extend the Chicago-based shop’s life past the half-century mark.

According to a regulatory filing, Frontenac is starting to raise its 10th buyout fund, seeking $400 million. If the fundraising is successful, Frontenac X Private Capital LP would, if nothing else, be a testament to the perseverance the firm has ...

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