Tailwind Capital Partners raises $775m for second fund

The firm invests in middle market companies across a variety of sectors

New York-based Tailwind Capital Partners has raised just over $775 million for its second middle market fund according to SEC filings.

The fund has been in market since October of last year, and had a target of $750 million according to Private Equity International’s research and analytics division.

Tailwind declined to comment on fundraising.

The firm’s first fund closed on $775 million in 2008, and invests in middle market companies in the healthcare, business services, and TMT sectors. Tailwind Capital Partners Fund I has a 14.4 percent net IRR, according to performance data from CalPERS. Fund II is believed to be employing the same strategy for its investments.

Tailwind is known to have committed approximately $1.1 billion to venture capital and buyouts. Assets of interest also include mezzanine and international private equity investments and partnerships, to which it will commit amounts ranging from $10 million to $250 million.

MVision is acting as placement agent for Fund II.