Platinum Equity Raises $2.75 Billion
Platinum Equity today announced that it has closed its second fund with $2.75 billion in capital commitments. For those paying close attention, this is about five months later than Platinum originally planned to close the fund, which principal Mark Barnhill attributes to rounding up a few stray cats (my words, not his). "We held the final close last Friday, but fund-raising was basically done for all intents and purposes by the end of Q1," Barnhill says, in his own words. "It just took a bit longer to get to the official finish line with a couple of LPs, so we waited."
3 September 2008•2 mins read
