Brentwood Associates has raised $1.2 billion to date for its Brentwood Associates Private Equity VI. The Los Angeles-headquartered firm has set a $750 million target and began fundraising in 2016.
Its previous fund raised $688 million in 2014.
Investors that committed to Brentwood Associates Private Equity VI include the Los Angeles City Employees' Retirement System, the Missouri Local Government Employees' Retirement System and the Indiana Public Retirement System (INPRS).
The fund will target buyout opportunities in consumer goods sectors in North America.
Kirkland & Ellis LLP was the fund’s legal advisor. Brentwood Associates used placement agents including Park Hill Group