The Texas-based investment firm has held a final close for Kainos Capital Partners II at its hardcap of $895 million. The oversubscribed vehicle, which invests in the food and consumer industry in the US, had originally targeted $750 million.
Capital committed came from a number of the world’s largest institutional investors, including Massachusetts Pension Reserves Investment Management Board and Texas Municipal Retirement System.
The firm’s debut fund, Kainos Capital Partners, closed at $475 million in December 2013.
Lazard acted as the vehicle’s placement agent and Weil, Gotshal & Manges LLP and Sidley Austin LLP served as the legal counsel.