SK Capital Partners has held a final close of SKCP Catalyst Fund I at its $400 million hard-cap. The fund, which had a target size of $300 million, is focused on lower mid-market specialty materials, chemicals and pharmaceutical companies, which generally require up to $50 million of initial equity.
The New York State Teachers’ Retirement System has disclosed a commitment to the fund of up to $40 million.
Kirkland & Ellis served as legal counsel. No placement agent was used.