– Dextra Partners, a multi-strategy private equity firm focused on the middle market, has closed Dextra Co-investment Fund VII at its $825 million hard cap.
– The fund surpassed its initial $650 million target, raising Dextra’s total assets under management to approximately $5 billion.
– Investors included pensions, insurance companies, asset managers, family offices, and high-net-worth individuals from around the globe.
– 60% of investors had prior experience working with Dextra’s six founding partners before the firm’s 2022 inception.
– 50% of capital commitments came from outside the United States.
– The fund focuses on equity co-investments in resilient middle market companies.
– Dextra sources deals through deep partnerships with top-tier sponsors, often early in their fund lifecycles.
– The firm’s integrated investment model emphasizes efficiency, transaction insights, and access to subject matter experts.
– Dextra aims to deliver attractive risk-adjusted returns through its partnership-oriented, holistic approach.
– The founding partners, Quint Barker, Thomas Haubenstricker, Scott Iorio, Michael Kho, Binayak Mishra, Vijay Palkar, stated: “We are incredibly grateful for our investors’ strong and enthusiastic support. We believe this is a testament to our ability to deliver differentiated investment opportunities sourced from top-tier middle market sponsors utilizing our holistic partnership-oriented business model.”
