Marlin Equity Partners, a Los Angeles-based special situations firm, has closed its second fund with $300 million in capital commitments. Probitas Partners served as placement agent.
Marlin Management Company, LLC, (“Marlin“) is pleased to announce the first and final closing of Marlin Equity II, L.P. (“Fund II“), a $300 million institutional private equity fund established to seek significant capital appreciation through control investments in businesses undergoing varying degrees of operational, financial or market driven change (“Special Situations“). Marlin targets Special Situations across a variety of industries, with a particular focus on technology, consumer, and healthcare businesses.
This is the second private equity fund raised by Marlin since its inception in 2005. Fund II investors include a select group of endowments and foundations, public and private sector pension funds, family offices, financial institutions, and insurance companies. Fund II was three times oversubscribed to its original $250 million target and closed less than three months after its September 2007 launch.
David McGovern, Managing Partner of Marlin said, “I am extremely grateful for the strong support we received from such a prominent group of returning and new institutional limited partners. We are very excited about our team and strategy, and look forward to continuing to achieve above market returns for our investors.“
In addition to Mr. McGovern, the Fund's investment team includes Nicholas Kaiser, George Kase, Andr