Just closed: Juggernaut raises $380m

Juggernaut Capital Partners has held a final close on its third flagship fund at $380 million, surpassing the $350 million target set at launch in November 2014. Investments will be made into lower mid-market business and consumer services.

The fund's predecessor raised $220 million at final close in 2011.

Investors in the fund include Jefferies Private Capital Group and the Los Angeles Employees'Retirement Association (LACERA). Proskauer Rose offered legal advice on fund formation.