Lower-midmarket-focused Atlantic Street Capital Management is targeting $850m for its fifth fund, according to people familiar with the fundraising.

If the Greenwich, Conn.-based firm reaches the target, Atlantic Street Capital V LP would be 70% larger than its predecessor, which wrapped up with $500 million in 2019.

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Atlantic Street Capital is an operationally focused private equity firm that partners with entrepreneurs and management teams to create shared success.

Source: Wall Street Journal

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