Wednesday, 24 August 2016
Last updated 15 hours ago
Dec 12 2007 | 9:37am ET
Private equity firm Pegasus Capital Advisors has closed its fourth p.e. fund, reaching its $750 million target. Pegasus raised the capital from a variety of limited partners including major public and corporate pension funds, leading endowments, fund of funds and family offices.
“Given the quality of our investment pipeline and the depth of our transaction team, we are especially well positioned to deploy this capital in an efficient manner,” said Pegasus founder Craig Cogut.
The firm’s latest offering has already made a number of investments, including most recently an investment in T&M Protection Resources, a security services provider in New York.
Park Hill Group assisted in the placement of the fund and Akin Gump Strauss Hauer & Feld served as legal counsel.
Established in 1995, Pegasus currently manages over $1.8 billion in assets through several private equity funds.