Platinum Equity raises $10bn

The American firm closes its fifth flagship fund at the hard cap

  • Fund name: Platinum Equity Capital Partners V
  • Amount raised: $10bn
  • Target size: $8bn
  • Hard-cap: $10bn
  • Stage of fundraising: Final close
  • Final close date: January 2020
  • Time on the road: 18 months
  • Predecessor fund: Platinum Equity Capital Partners IV
  • Legal Advisor: Simpson Thacher & Bartlett
  • Number of investors in the fund: 250+

Platinum Equity held a final close of Platinum Equity Capital Partners V at the fund’s hard cap of $10 billion. This is Platinum’s fifth fundraise of its flagship vehicle, which targets corporate buyouts globally. The firm’s prior global buyout fund, Platinum Equity Capital Partners IV, closed on $6.5 billion in March 2017 after targeting $5.5 billion.