Bregal Partners raises $650m

The New York-based mid-market private equity firm has closed its second fund.

Bregal Partners has held a final close for Bregal Partners II at $650 million, with all capital sourced from existing limited partners. At final close the fund has already invested in three companies in the consumer, food and retail industries.

The firm closed its debut fund, Bregal Partners, at $500 million in February 2012.