Sterling Investment Partners Closes Over $1.6 Billion in Oversubscribed Fifth Fund
PE FORUM > Blog > Fundraising News > Sterling Investment Partners Closes Over $1.6 Billion in Oversubscribed Fifth Fund
– Sterling Investment Partners, a leading middle-market private equity firm focused on business services and distribution, announced the final close of its fifth institutional fund, Sterling Investment Partners V, L.P. (Fund V), at a hard cap of $1.6 billion in institutional capital commitments, plus significant investment by Sterling employees.
– Fund V was significantly oversubscribed, surpassing its $1.25 billion target and fully committed within a few months of launching.
– The majority of Fund V’s capital came from returning investors, with several new global institutional investors also participating.
– Fund V will target for-control equity investments in middle-market companies within Sterling’s core sectors of business services and distribution.
– Sterling employs an operationally intensive investment approach, partnering closely with founders, entrepreneurs, and CEOs to grow and improve portfolio companies.
– Fund V has made its first investment in XKIG, a former portfolio company of a prior fund, alongside a Sterling-managed continuation vehicle (CV), which was also significantly oversubscribed.
– Charles Santoro, Co-Founder and Managing Partner, James Soldano, Managing Partner, and Michael Barr, Managing Partner, emphasized the firm’s strong positioning, investor support, and focus on generating value for limited partners.
– Ruth Lane, Senior Managing Director and Head of Investor Relations, highlighted investor confidence and the team’s strategy to advance the scale and quality of global partnerships.
– Fund V was significantly oversubscribed, surpassing its $1.25 billion target and fully committed within a few months of launching.
– The majority of Fund V’s capital came from returning investors, with several new global institutional investors also participating.
– Fund V will target for-control equity investments in middle-market companies within Sterling’s core sectors of business services and distribution.
– Sterling employs an operationally intensive investment approach, partnering closely with founders, entrepreneurs, and CEOs to grow and improve portfolio companies.
– Fund V has made its first investment in XKIG, a former portfolio company of a prior fund, alongside a Sterling-managed continuation vehicle (CV), which was also significantly oversubscribed.
– Charles Santoro, Co-Founder and Managing Partner, James Soldano, Managing Partner, and Michael Barr, Managing Partner, emphasized the firm’s strong positioning, investor support, and focus on generating value for limited partners.
– Ruth Lane, Senior Managing Director and Head of Investor Relations, highlighted investor confidence and the team’s strategy to advance the scale and quality of global partnerships.