Nautic Partners raises $1.5bn

The US-based private equity firm has closed its ninth fund at hard-cap.

Nautic Partners has held a final close of Nautic Partners IX at its $1.5 billion hard-cap. Through it’s ninth fund, the firm will continue to focus on mid-market investments in the healthcare, industrials and outsourced services sectors.

The oversubscribed fund received commitments from a global investor base, including pension funds, endowments, funds of funds, insurers, sovereign wealth funds, financial institutions and family offices. Rhode Island State Treasury has disclosed a commitment of $50 million.

Nautic Partners VIII closed at $900 million in January 2016, surpassing an initial target of $800 million.

Kirkland & Ellis provided advisory services for Nautic Partners IX.