Triton Partners, a buyout firm based in the UK, has raised $472 million in commitments toward its third fund, according to a regulatory filing. The vehicle, called Triton Fund III LP, has a target of $2.97 billion (converted from Euros as of November 6, 2008, when the fund was created.)
The commitments include €150 million ($215 million) from Washington State Investment Board and $175 million from CPP Investment Board.
Triton invests in mid-market business services, industrials, and consumer companies headquartered within the German-speaking and Nordic countries. The firm is using Lazard as its placement agent.
The firm has seen one of its earlier investments collapse into bankruptcy—in 2007 Custom Foods Products, Inc., a meat processing company owned by Triton and William E. Simon & Con, filed for Chapter 11.