Monday, 4 May 2015
Last updated 4 hours ago
Jun 20 2007 | 8:35am ET
Middle-market buyout shop Sterling Capital Partners recently held a first and final closing of Sterling Capital Partners III with $1 billion in limited partner commitments.
Capital for SCP III was provided by fund-of-funds, pension funds, endowments, and foundations. Portfolio company executives and the Sterling’s investment professionals also made “significant” contributions to the firm’s latest fundraising efforts, according to the firm.
SCP III will invest in companies across high-growth industries, including education, healthcare services, direct marketing, business services, financial services, and specialty manufacturing and distribution. The firm generally looks at control investments in companies, investing anywhere from $15 to $100 million in equity per company.
Sterling Partners was founded in 1983 and currently manages some $2.5 billion in capital.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…