Providence Strategic Growth Capital Partners closed its latest flagship private equity fund, PSG V, at its hard cap of $4.5bn, the company announced in a news release Tuesday.
The fund targets investments in middle-market software and technology-enabled services companies.
The previous fund in the series, PSG IV, closed on $2bn in capital commitments in 2019.
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Investors in the latest fund include the $148.8bn State of Wisconsin Investment Board, Madison; the $81.8bn Alaska Permanent Fund Corp., Juneau; the $39.2bn South Carolina Retirement Systems, Columbia; and the $35bn Pennsylvania State Employees’ Retirement System, Harrisburg.
The company could not be immediately reached for comment.
Source: Pensions & Investments
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