CI Capital Partners LLC said Monday it closed its third fund at its $750 million target and hard cap. CI Capital Investors III LP will make control investments in middle market buyouts primarily in North America. Wachtell, Lipton, Rosen & Katz served as legal counsel on the Fund III capital raise.
NEW YORK, Jan. 4, 2016 /PRNewswire/ — CI Capital Partners LLC (“CI Capital” or the “Firm”), a leading New York-based private equity firm, announced today the closing of its third fund, CI Capital Investors III, L.P. (the “Fund” or “Fund III”). Fund III was in the market for less than three months and closed at the Fund’s target and hard cap of $750 million. The demand for Fund III far exceeded the Firm’s self-imposed hard cap.
Fund III will continue CI Capital’s strategy of making control investments in middlemarket buyouts primarily in North America. CI Capital’s senior investment team members have invested together for over a decade through a variety of economic conditions in multiple industry sectors. CI Capital currently has $1.9 billion of assets under management.
Fund III received strong support from CI Capital’s existing investors and the Firm selectively added a new and diverse group of investors including endowments, foundations, pension funds, financial institutions and family offices. Founding CEO Frederick Isemanand the other investment professionals at CI Capital have also made significant personal commitments to Fund III of over $100 million.
“We are pleased to announce the final closing of Fund III. We appreciate the trust both our existing and new investors have shown us,” said Frederick Iseman, Chairman and CEO of CI Capital. “The successful fundraising underscores both the strength of our team and our investors’ enthusiasm for our investment approach. We look forward to investing Fund III on behalf of all our investors.”
“Monument Group was privileged to work with CI Capital on this very successful fundraise,” said John McCormick, Managing Director at Monument Group. “The significant investor interest and support was among the strongest Monument Group has seen in our more than 20 year history and is a testament to the CI Capital team’s depth and breadth of experience.”
Wachtell, Lipton, Rosen & Katz served as legal counsel on the Fund III capital raise.
About CI Capital Partners
CI Capital Partners LLC, a North American private equity firm, has been investing in middle-market companies since 1993. CI Capital forms partnerships with experienced management teams and entrepreneurs to build substantial businesses through add-on acquisitions, organic growth and operational improvements. Since the firm’s inception, CI Capital and its portfolio companies have made more than 150 acquisitions representing over $7 billion in enterprise value. CI Capital’s existing portfolio consists of companies that collectively generate annual revenue of over $2.5 billion, EBITDA of over $250 million and employ approximately 10,000 people. To learn more about CI Capital Partners, please visit www.cicapllc.com.
About Monument Group
Monument Group is a leading, independent private fund placement agent managed by a senior team with significant buyside investment heritage. Since its inception in 1994, Monument Group has assisted a range of general partners around the world to raise 74 funds, totaling $81 billion of equity. These clients represent a broad variety of investment strategies including buyouts, debt, distressed, energy and natural resources, growth, infrastructure and real estate. Monument Group has offices in Boston, London,Tokyo and Hong Kong.
Monument Group, Inc., is a member of the Financial Industry Regulatory Authority (FINRA); Monument Group Europe LLP is authorized and regulated by the Financial Conduct Authority; Monument Group, L.P. is licensed as a Type II Financial Instruments Dealer in Japan; Monument Group (HK) Limited is licensed to conduct Type 1 regulated activities in Hong Kong.