Carousel Capital has closed its sixth buyout fund at a hard cap of $700 million. Credit Suisse Securities (USA) LLC acted as exclusive advisor and placement agent for Fund VI while Latham & Watkins LLP served as legal counsel.
November 10, 2020 — Carousel Capital (“Carousel”) announced today the first and final closing of its sixth buyout fund, Carousel Capital Partners VI, LP (“Fund VI”) at its hard cap of $700 million. Carousel completed the raising of Fund VI in just over two months.
Based in Charlotte, North Carolina, Carousel is led by Managing Partners: Charles Grigg and Jason Schmidly. With Fund VI, Carousel will continue its focus on acquiring non-cyclical, growth oriented companies headquartered in the Southeastern United States within its three targeted sectors: business services; consumer services; and healthcare services.
Carousel received strong support from its existing investors and also attracted several new strategic institutional investors to the fund. In keeping with Carousel’s tradition of including a select group of Chief Executive Officers of companies and business leaders across the Southeastern United States as investors, the fund included an offering to this group which was fully subscribed. These CEO investors serve to deepen Carousel’s relationship network throughout the Southeast.
Credit Suisse Securities (USA) LLC acted as exclusive advisor and placement agent for Fund VI and Latham & Watkins LLP served as legal counsel.