The Beekman Group raises $425m

The private equity firm closes its fourth fund at hard cap after just six months on the road.

The Beekman Group, a firm focused on growing lower middle-market services companies, held a final close of Beekman Investment Partners IV at $425 million. The vehicle was oversubscribed, surpassing its initial target of $375 million.

The fund will continue the firm’s strategy of investing in consumer, healthcare, business, and industrial services companies with enterprise values ranging from $15 million to $200 million. Proskauer Rose served as the firm’s legal counsel. The Private Fund Group of Credit Suisse Securities served as the firm’s placement agent.

The firm’s predecessor vehicle, Beekman Investment Partners III, closed in January, 2015 on $230 million.