Berkshire Partners Closes Largest Fund in Firm’s History with $7.8 Billion in Capital Commitments

– Boston-based private equity firm Berkshire Partners closed Berkshire Fund XI with approximately $7.8 billion in capital commitments, its largest fund since the firm’s founding in 1986.

– Fund XI was significantly oversubscribed, highlighting strong investor support for Berkshire’s multi-sector, middle market investment strategy.

– Berkshire Partners attributes the fund’s success to its track record of transforming high-potential middle market companies into leaders across economic cycles.

– Michael Ascione, Managing Director, expressed gratitude for the backing from a sophisticated, global investor base and confidence in the firm’s ability to deploy capital effectively and achieve attractive returns.

– The firm targets partnerships in four key sectors: business services & industrials, consumer, healthcare, and technology & communications.

– Berkshire’s experienced, long-tenured investment team enables the firm to identify promising opportunities and support portfolio companies through growth and operational improvement.

– Berkshire Partners is a 100% employee-owned, multi-sector specialist investor in both private and public equity.

– Since its founding, Berkshire Partners has made over 150 private equity investments and is known for its collaborative approach with management teams to drive company growth.

– The firm’s public equity group, Stockbridge, was founded in 2007 and manages a concentrated portfolio, seeking attractive long-term investment opportunities.