ACON Investments Raises $578M of $1B Target for Fourth Fund

Oct 27 2015 | 2:50pm ET

Washington, DC-based ACON Investments has raised more than $578 million for its fourth international buyout fund just two years after raising $751 million for its third fund.

ACON has set a $1 billion target for ACON Equity Partners Fund IV, according to securities filings. The firm also raised $515 million for its Latin America Opportunities Fund IV in 2013.

Founded in 1996 by former Goldman Sachs executive Bernard Aronson, former Veritas Capital partner Ken Brotman, and former GEF Funds senior investment officer Jonathan Ginns, ACON is an international middle-market private equity firm managing more than $4.2 billion of committed capital across 55 investments, 30 of which are in Latin America as of June 2015.

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