Lower middle market investment manager Keystone Capital Management (Keystone), has held the first and final closing of its oversubscribed Keystone Fund III (Fund III) after just four months of fundraising at its hard cap of $630m in capital commitments.
Keystone professionals make up the largest single investor in the fund.
Keystone was founded in 1995 and invests primarily in North American businesses across five industry sectors: engineering and technical services; tech-enabled services; commercial services; industrial technology; and food and beverage. Since inception, the manager has made 170 acquisitions across 42 different industry platforms.
Kirkland & Ellis provided legal counsel on the fundraise for Fund III. The fund was raised without a placement agent.
Source: Private Equity Wire
Can’t stop reading? Read more
Blackstone and Hellman & Friedman explore AI joint venture with Anthropic
Blackstone and Hellman & Friedman explore AI joint venture with Anthropic Anthropic is in...
EQT leads $5.5bn Galderma share sale in record Swiss secondary exit
EQT leads $5.5bn Galderma share sale in record Swiss secondary exit EQT and its co-investors have...
CVC reports record performance as €205bn private markets platform expands
CVC reports record performance as €205bn private markets platform expands CVC Capital Partners...