Marlin Equity Partners gathers $3.25bn

The global private equity firm surpasses targets set for two funds in under five months.

Marlin Equity Partners has held a final close on two of its funds, following less than five months of fundraising. Marlin Equity V and Marlin Heritage Fund II were both significantly oversubscribed, collecting $2.5 billion and $750 million respectively towards their targets of $2 billion and $500 million. Equity V targets mid-market companies in North America and Europe, and Heritage II targets lower mid-market companies in North America.

The New Mexico Educational Retirement Board and the Ohio Police & Fire Pension Fund are among the investors that have committed capital to both vehicles.

Marlin Equity IV secured $1.64 billion of capital at final close in June 2013 and Marlin Heritage amassed $412 million in March 2014.

Kirkland & Ellis LLP served as the legal counsel for both funds and Credit Suisse (USA), LLC acted as the vehicles’ advisor and placement agent.