Platte River Equity has raised $625 million for its Platte River Equity IV. The Denver-headquartered firm set a $550 million target and began fundraising in 2017.
Its previous fund raised $405 million in 2012.
Investors that committed to Platte River Equity IV include the endowments, pension funds, private foundations, funds of funds and family offices, as well as high net worth individuals.
The fund will target buyout opportunities in a diverse number of sectors in North America.
Kirkland & Ellis LLP, Bartlit Beck Herman Palenchar & Scott LLP and The Whitmire Group, LLC served as the fund’s legal advisor. Platte River Equity used Capstone Partners as placement agents.