Fundraising

Twin Bridge Capital Partners has raised $440 million for its fifth small and lower-middle market buyout fund, beating its $400 million target.

Orangewood Partners has closed its second fund at more than $200 million as well as about $100 million in equity across other vehicles.

Fundraising launched in the fourth quarter of last year and was entirely virtual in an Evercore-advised process.

Fund II will build on Orangewood’s deal-by-deal activity by investing in special situation and growth-oriented opportunities in non-discretionary healthcare, consumer and multi-unit sectors.

The move comes as the buyout firm seeks to raise its biggest-ever flagship fund.

The fund has already made its first investment and has a robust pipeline moving forward.

Fulcrum Equity Partners has raised $275 million for its fourth fund.

London and Stockholm-based KLAR Partners, a private equity firm focused on business services and light industrials, has closed its debut fund at a hard cap of 600 million euros.

KLAR Partners will invest in the mission-critical services and asset-light industrial sectors of the Nordic, DACH and Benelux regions.

“The market came to us,” Banner Ridge managing partner Anthony Cusano told Buyouts. “We could have raised more than $300 million.”