Milestone Begins Fundraising

Mid-market buyout shop Milestone Partners has begun fundraising for its latest offering, Milestone Partners III LP, targeting $200 million, reported LBO Wire. According to a person familiar with the firm, a $240 million hard cap has been established. Milestone Partners, St. David's, Pa., generally invests between $5 million and $25 million of equity per transaction in companies with values ranging from $15 million to $100 million.