Fund name:Â Resolute Fund V
Amount raised:Â $2.86 billion
Target size:Â $4.0 billion
Predecessor fund:Â Resolute Fund IV ($3.63 billion)
The Jordan Company has raised $2.86 billion for Resolute Fund V. Capital raised by the vehicle will be used to invest in companies throughout North America across diversified sectors.
Resolute Fund V received commitments from several institutional investors, including a $2 million commitment from Berkshire Taconic Community Foundation, $50 million from Nebraska Investment Council and $100 million from State of Wisconsin Investment Board.