One Equity Partners gathers $1.65bn

The middle-market private equity firm closes latest fund with support from outside investors.

One Equity Partners VI has held a final close on $1.65 billion, beating its original target size by $150 million. The fund marks the first fundraise by the firm, since its spinout from JP Morgan in 2015, to include outside sources of capital. Through its sixth vehicle, the firm will continue to target the industrial, healthcare and technology sectors in North America and Europe.

Limited partners committed to One Equity Partners VI include pension funds, sovereign wealth funds, family offices, consultants and financial institutions and are based in North America, Europe, Asia, Australia, and the Middle East.