LPs wanted in to Platinum Equity Fund IV. They had to move fast.

Platinum Equity, Mark Barnhill, private equity, Kelly DePonte, Probitas Partners
  • Platinum cut time between first close and document deadline
  • Fund beat both $4.5 bln target and $5.5 bln cap
  • Fund IV was in market for about nine months
Platinum Equity managed demand for its fourth fund, which recently closed on $6.5 billion, by reducing the time between first closing and deadline for LPs to file final commitment documents to 90 days, according to Mark Barnhill, partner at the ...

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