Buyout Firm Berkshire Partners Raises USD 2.6bn so far for Tenth Private Equity Fund

The Fund has a mandate to invest in middle-market growth companies in consumer products and retail, communications, business services, industrials, and healthcare sectors.

Berkshire Partners, a Boston-based investment firm, has raised circa $2.6bn so far in total capital commitments for its tenth private equity fund, Berkshire Fund X LP (the Fund), according to a filing with the SEC, dated 03 November 2020, reviewed by AnalyzeMarkets.

Based on the reported target size of USD 6.5bn, the Fund has achieved 40% of the fundraising goal.

With the first sale recorded in September last year, the Fund has received commitments from 181 limited partners (LPs).

The Fund has a mandate to invest in middle-market growth companies with acquisition values between USD 200mn and USD 2bn. The buyout firm typically invests USD 50mn to USD 500mn of equity capital in each portfolio company.

Monument Group Inc is the Fund’s placement agent. The Fund has paid USD 10mn in sales commission, representing c. 0.4% of the fund size, according to the filing.

Previously, Berkshire Partners had raised USD 5.5bn for Fund IX in March 2016 and collected USD 4.5bn for Fund VIII in July 2011, according to AnalyzeMarkets Global Funds Data.

Berkshire Partners is an investment firm with over USD 130 private equity investments to date. It focuses on private equity investments across consumer, communications, business services & technology, industrials, and healthcare.

It has raised more than USD 16bn in aggregate capital commitments across nine private equity funds and manages a marketable securities fund, Stockbridge Investors, with over USD 3bn of capital.

Source: Analyzemarkets