Nautic Partners closes 10th fund

The Rhode Island private equity firm closed the fund on its $3bn hard-cap.

Fund: Nautic Partners X
Amount raised: $3 billion
Target size$2.5 billion
Stage of fundraisingFinal close
Predecessor fund: Nautic Partners IX ($1.5 billion)

Nautic Partners has placed a final close on Nautic Partners X on its $3 billion hard-cap, exceeding its target size. The 10th private equity fund of the $3.7 billion institution had strong support from both existing and new institutional investors.

The limited partners in Nautic X include global public and private pension plans, endowments, funds of funds, insurers and financial institutions, health systems, sovereign wealth funds and family offices.

The capital raised surpasses the vehicle’s predecessor, Nautic Partners IX, for which $1.5 billion was raised in 2019.