CORE Industrial Partners raises $230m

The Chicago-based private equity firm announces final close of debut industrials-focused fund.

CORE Industrial Partners has closed its debut fund at $230 million, surpassing the target of $200 million and the initial hard-cap of $225 million. The fund will pursue control investments in lower mid-market manufacturing and industrial technology companies based in North America.

Institutional investors committed to the fund include university endowments, insurance companies, pension funds, foundations, asset managers, family offices and funds of funds.