The Sterling Group Raises $3.5 Billion in Oversubscribed Sixth Private Equity Fund
The Sterling Group Raises $3.5 Billion in Oversubscribed Sixth Private Equity Fund
HOUSTON, April 22, 2024 /PRNewswire/ -- The Sterling Group ("Sterling"), an operationally focused, industrial middle market private equity firm, is pleased to announce the closing of Sterling Group Partners VI, LP (together with its parallel fund, "Fund VI"). Fund VI exceeded its target of $2.75 billion and was significantly oversubscribed at its hard cap of $3.5 billion. Sterling's previous fund closed in June 2020 with $2.0 billion of limited partner commitments.
休斯頓，2024年4月22日 /PRNewswire/ — 以運營爲重點的工業中間市場私募股權公司斯特林集團（“Sterling”）欣然宣佈關閉Sterling Group Partners VI, LP（及其平行基金 “VI”）。VI基金超過了27.5億美元的目標，並以35億美元的硬上限獲得了大幅超額認購。斯特林之前的基金於2020年6月關閉，有限合夥人承諾的資金爲20億美元。
The majority of Fund VI's capital was committed by returning investors. Sterling welcomes several new investors that expand the firm's Limited Partner base in the United States, Europe, the Middle East and Asia. "Sterling has a four-decade track record of value creation across the economic cycle," added Franny Jones, Partner, Investor Relations. "The secular tailwinds underpinning today's industrial middle market, when combined with our proven Seven Lever value creation strategy, present tremendous opportunities for Fund VI."
VI基金的大部分資本是由回歸投資者投入的。Sterling歡迎幾位新投資者擴大公司在美國、歐洲、中東和亞洲的有限合夥人基礎。投資者關係合夥人弗蘭尼·瓊斯補充說：“英鎊在整個經濟週期中擁有四十年的價值創造記錄。”“支撐當今工業中間市場的長期利好因素，再加上我們久經考驗的七槓桿價值創造戰略，爲VI基金提供了巨大的機遇。”
Consistent with Sterling's successful history over four decades, Fund VI will primarily target corporate carve-outs and family businesses in the industrial sector. The firm emphasizes its operational approach in partnership with management teams to grow and improve its portfolio companies. Sterling's partner group, including Greg Elliott, Brian Henry, Scott MacLaren, Brad Staller, Kent Wallace, Jim Apple, Franny Jones and Jud Morrison have a collective 100-plus years working at Sterling.
與斯特林四十年來的成功歷史一致，VI基金將主要針對工業領域的企業分拆和家族企業。該公司強調其與管理團隊合作的運營方法，以發展和改善其投資組合公司。斯特林的合夥人團隊，包括格雷格·埃利奧特、布萊恩·亨利、斯科特·麥克拉倫、布拉德·斯托勒、肯特·華萊士、吉姆·蘋果、弗蘭尼·瓊斯和賈德·莫里森，在斯特林共工作了100多年。
Evercore Private Funds Group acted as the exclusive global placement agent, and Kirkland and Ellis, LLP served as fund counsel.
Evercore私募基金集團擔任全球獨家配售代理，柯克蘭和埃利斯律師事務所擔任基金法律顧問。
About The Sterling Group
關於斯特林集團
Founded in 1982, The Sterling Group is a private equity and private credit investment firm that targets investments in basic manufacturing, distribution, and industrial services companies. Typical enterprise values of these companies at initial formation range from $100 million to $750 million. Sterling has sponsored the buyout of 71 platform companies and numerous add-on acquisitions for a total transaction value of over $24 billion. Sterling currently has $9.4 billion of assets under management. For further information, please visit .
Sterling Group成立於1982年，是一傢俬募股權和私人信貸投資公司，目標投資於基礎製造、分銷和工業服務公司。這些公司在初始成立時的典型企業價值在1億美元至7.5億美元之間。Sterling贊助了對71家平台公司的收購和多項附加收購，總交易額超過240億美元。英鎊目前管理着94億美元的資產。欲了解更多信息，請訪問。
Past performance is no guarantee of future results and all investments are subject to loss.
過去的表現並不能保證未來的業績，所有投資都可能蒙受損失。
SOURCE The Sterling Group, L.P.
來源 Sterling Group，L.P.
譯文內容由第三人軟體翻譯。