Angeles Equity Partners closes on $360m

The firm’s debut fund receives support from investors in North America, Europe and the Middle East.

Angeles Equity Partners I, the firm’s debut fund has held a final close on $360 million. The oversubscribed vehicle beat both its hard-cap and its initial target of $300 million. The fund focuses on lower mid-market special situations.

Investors committed to AEP I include institutional investors in Europe and the Middle East, as well as North American investors such as the Los Angeles City Employees' Retirement System, the Montana Board of Investments and the Los Angeles Fire & Police Pension System.