Patriot Financial Partners has raised $128.2 million to date for its Patriot Financial Partners III, according to a SEC filing. The Philadelphia-headquartered firm has set a $300 million target and began fundraising in 2017. The SEC filing did not disclose whether the capital raise constituted a final or interim close.
Its previous fund raised $305 million in 2015.
The fund will target non-control opportunities in technology, media, and telecommunications sectors in the United States.