Gauge Capital raises $800m

The Texas-based private equity firm closed its third mid-market fund.

Fund name: Gauge Capital III
Amount raised: $800 million
Stage of fundraising: Final close
Final close date: January 2021
Predecessor fund: Gauge Capital II ($500 million)
Legal advisor: Ropes and Gray

Gauge Capital held a final closing of Gauge Capital III on $800 million, with more than 25 percent of the committed capital from the Gauge Capital team, according to a recent press release by the firm. The fund will follow its predecessors’ strategy by investing in mid-market companies throughout the US and Canada.