The Jordan Company, a New York-based middle-market buyout firm, has closed its second fund with $3.6 billion in capital commitments.
Dubbed the Resolute Fund II, the vehicle has already made four investments between its first and final closings.
Investors in the new fund include, CalSTRS, the New Jersey Investment Board, the Irish National Pensions Reserves Fund, the Illinois State Board of Investment, the New York State Teachers Retirement System and TIAA-CREF. Credit Suisse served as placement agent.
“We have amassed a very strong and internationally diverse group of institutional Limited Partners who understand our value-added investment approach, and appreciate the hands-on operational expertise we employ to enhance the growth of our portfolio companies,” said John Jordan, managing principal.
The Jordan Company was founded in 1982 and currently manages over $5 billion of assets.
Gabriel KurlandBy Gabriel Kurland: On November 12, 2009, the U.K.’s Serious Fraud Office (“SFO”), an independent government department that investigates and prosecutes fraud and corruption cases, announced that it is probing the London-based, Dynamic Decisions Capital Management Ltd., after the matter was referred to it by the Financial Services Authority. More...
Ireland has launched the EUR 26 million ($40 million) Bank of Ireland Seed and Early Stage Equity Fund to invest in startup and early stage companies. More...