Marlin Management Co. said Monday that it closed its fourth fund at $1.6 billion. Marlin said Fund IV’s target was $1 billion and the pool needed just over four months to close at its hard-cap. Investors of Marlin Equity IV LP include sovereign wealth funds, public and private pension funds, endowments and foundations, insurance companies, fund of funds and family offices. Credit Suisse was placement agent for Fund IV while Kirkland & Ellis was legal counsel.
LOS ANGELES, JULY 9, 2013 — Marlin Management Company, LLC (“Marlin”), a global investment firm, is pleased to announce the first and final closing of Marlin Equity IV, L.P. (“Fund IV”), with $1.6 billion of capital commitments. Fund IV completed its fundraise at its hard-cap in just over four months and was more than three times oversubscribed from its initial $1 billion target.
Consistent with Marlin’s predecessor funds, Fund IV will invest in businesses that can benefit from the firm’s significant capital base, deep industry relationships and extensive network of operational resources. It will focus on industries where Marlin has developed extensive domain expertise, including technology, business services, healthcare, consumer and manufacturing, among others.
Marlin has closed four private equity funds since its inception in 2005 and has more than $2.6 billion of capital under management. The limited partners in Fund IV include some of the world’s largest and most sophisticated investors, including leading sovereign wealth funds, public and private pension funds, endowments and foundations, insurance companies, fund of funds and family offices.
“We are pleased with the extraordinary level of support that we received from such a prestigious group of global investors,” said David McGovern, Managing Partner of Marlin. “The successful fundraise is a clear endorsement of our operationally focused investment strategy and reflects our ability to deliver superior returns to our investors and partners.”
Peter Spasov, a Partner at Marlin, added, “In just over three years, we have more than doubled our assets under management. To have accomplished this in a difficult fundraising environment speaks to the
quality of our team, our innovative and disciplined investment strategy, and the strength of our past performance across economic cycles.”
The closing of Fund IV follows a very active year for Marlin. Since the beginning of 2012, Marlin has acquired over 15 businesses, including six corporate divestitures, and has achieved five successful exits to strategic buyers. Additionally, the firm established a London office to further strengthen its European presence.
Bruce Ettelson and Karin Orsic of Kirkland & Ellis LLP served as legal counsel and Credit Suisse Securities (USA) LLC acted as an advisor and exclusive placement agent for Fund IV.
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $2.6 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 65 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.