CapStreet Group held a final close of CapStreet V at $500 million. The fund’s initial $400 million target was later increased to $499 million.
The firm raised $340 million for their prior fund, CapStreet IV, which closed in May of 2014 after targeting $250 million.
CapStreet invests in lower mid-market companies in the industrial and business services sectors in North America.
Known commitments to Fund V include $75 million from The New York State Teachers’ Retirement System and $21.5 million from The Guardian Life Insurance Company of America, according to PEI data.
Willkie Farr & Gallagher LLP served as legal counsel for the fundraise.