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Fundraising
The deal is expected to close in the second or third quarter
Fund IV beat its $1.25 bln target, with a re-up rate of more than 90 pct
The firm also promoted four individuals to managing director
The fund pursues opportunities across hedge strategies, private equity and debt, infrastructure and real estate
The fund will focus on investing in lower middle-market industrial businesses
Green Equity Investors closed on $12 billion, while Jade Equity Investors, the firm's debut mid-market fund, closed on $2.75 billion
The Denver firm also closed a process by which it bought Upstream Rehabilitation out of the debut fund.
Canadian private equity firm Novacap has raised C$260 million for its inaugural financial services fund.
Dyal Capital Partners, a division of Neuberger Berman, has closed its fourth fund at over $9 billion.