Seidler Equity Partners raises $600m

The Los Angeles-based firm nearly doubles size of previous fund.

Seidler Equity Partners (SEP) held a first and final close at $600 million for its sixth institutional fund, partner Christopher Eastland confirmed in a phone interview.

SEP VI will continue the firm’s focus on a wide range of strategies, including growth financing, recapitalizations and management buyouts. According to Seidler’s website, the firm is mostly sector-agnostic as it sources opportunities to invest alongside entrepreneurs and owners.

Its predecessor vehicle, SEP V, closed at $337 million in 2014. According to Mr. Eastland, the Los Angeles-based firm now manages $1.9 billion in assets.