Marlin Raises $400M For Lower Mid-Market PE Fund

Apr 1 2014 | 11:17am ET

Los Angeles-based private equity firm Marlin Equity Partners has staged the first and final closing of the Marlin Heritage fund with $400 million in capital commitments. 

The Heritage fund, offered only to investors in Marlin's fourth flagship fund, closed after less than three months of fundraising, having exceeded its initial $250 million target.

The Heritage Fund will target transactions in the lower middle market, investing, like its predecessor funds, in businesses that can benefit from the firm’s capital base, industry relationships and network of operational resources. The fund will focus on industries where Marlin has developed expertise, including technology, business services, healthcare, consumer and manufacturing. 

Marlin has closed on five private equity funds since its inception in 2005 and has more than $3 billion of capital under management. 

“The closing of the Heritage Fund comes on the heels of raising $1.6 billion for our flagship fund, Marlin Equity IV, last year,” said David McGovern, Marlin managing partner, in a statement.  “We are grateful for the tremendous level of conviction and support from our existing limited partners."

Bruce Ettelson and Karin Orsic of Kirkland & Ellis served as legal counsel in the formation of the Heritage Fund.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Versum Materials (VSM), with a market capitalization of $2.7 billion, enables chipmakers to achieve higher performance at lower cost with enhanced reliability. Versum is a leading global provider of electronic materials for the integrated circuit and flat-panel display markets.