Blue Wolf raises $540m

The New York-based firm surpasses target for fourth flagship vehicle.

Blue Wolf Capital Fund IV has held a final close at its hard-cap of $540 million. The oversubscribed fund, which launched with a target of $525 million in July 2017, will continue to pursue the firm’s strategy of making control investments in sectors such as healthcare, energy services, and government services.

The Employees Retirement System of Texas is among the investors in the vehicle, having committed $25 million in September.

Blue Wolf Capital Fund III previously closed at $300 million in July 2013. The Employees Retirement System of Texas also invested in this fund, alongside the Maryland State Retirement and Pension System and the Community Foundation for Greater Atlanta.