Siguler Guff closes two funds

The New York-based private investment firm closes two small business-focused funds.

Siguler Guff Small Buyout Opportunities Fund III has held a final close at $1.1 billion, surpassing its original target of $1 billion. The firm’s third small buyout fund invests in limited partnerships as well as co-investing alongside fund managers in companies with less than $15 million of EBITDA.

El Paso County Pension System, Indian Community School of Milwaukee and Arapahoe County Retirement System are among the investors committed to the vehicle.

Siguler Guff Small Buyout Opportunities Fund II raised $960 million at final close in September 2013.

Siguler Guff has also raised a total of $300 million for its Seed Small Business Lending platform. The total includes the Siguler Guff Small Business Credit Opportunities Fund and separate accounts with a similar focus.