Castanea Closes Fund III

Castanea Partners has closed its third small-to-mid market buyout fund with $575 million in capital commitments. This includes a $475 million core fund and a $100 million overflow fund to be used to support larger deals. The Newton, Mass.-based firm raised $200 million for its prior fund in 2004, and typically invests between $10 million and $75 million in leveraged buyouts, growth equity opportunities and special situations.