Los Angeles, Calif.–based Marlin Management Company recently held the first and final closing of Marlin Equity II. The $300 million institutional private equity fund was established to invest in special situations across a variety of industries, with a particular focus on technology, consumer and healthcare businesses.

David McGovern, managing partner of Marlin said, “I am extremely grateful for the strong support we received from such a prominent group of returning and new institutional limited partners. We are very excited about our team and strategy, and look forward to continuing to achieve above market returns for our investors.”

In addition to McGovern, the fund’s investment team includes Nicholas Kaiser, George Kase, Andrés Martinez, P.J. Nachman and Peter Spasov.

Probitas Partners acted as placement agent for the new offering and Kirkland & Ellis served as legal counsel in the formation of the fund.