Sterling Partners Raises $1B P.E. Fund

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.


In Depth

OmniQuest Capital: Why Funds of Hedge Funds Work

Aug 11 2016 | 4:47pm ET

There have been few sectors of the alternative investment universe under as much...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...