Equistone Partners Europe raises €2.8bn

The mid-market private equity investor closes latest fund within four months.

Equistone Partners Europe Fund VI has held a final close at its €2.8 billion hard-cap, after just four months on the road. The fund will continue to pursue Equistone‘s strategy of acquiring majority stakes in Western European companies with enterprise values between €50 million and €500 million.

The Pennsylvania Public School Employees’ Retirement System is among the investors on the vehicle, which also include pension funds, funds of funds, sovereign wealth funds, and insurance companies.

Equistone Partners Europe Fund V previously closed at €2 billion in April 2015.