Charlesbank Capital Partners raises $3.3 billion

Charlesbank Capital Partners has raised $3.3 billion to date for its ninth institutional fund, according to SEC filings.

Charlesbank Equity Fund IX, which had an original target size of $3.45 billion, will continue the firm’s strategy of making growth capital investments in middle-market companies with enterprise values between $100 million and $750 million.

According to SEC filings, $2.21 billion is allocated to the fund’s main vehicle, while a GP and offshore vehicle comprise an additional $550 million and $536 million, respectively. Investors in this fund include the Massachusetts Pension Reserves Investment Management Board, which has also invested in Charlesbank’s predecessor vehicles.

The firm’s most recent fund, Charlesbank Equity Partners VIII, closed in 2014 after raising $1.75 billion. The Florida State Board of Administration, the Texas County and District Retirement System, and the University of Oklahoma Foundation were among the investors in Fund VIII.