Thompson Street Capital Partners raises $1.15 bn

The St. Louis-based private equity firm closes its fifth fund.

Thompson Street Capital Partners (TSCP) announced the closing of Thompson Street Capital Partners V at hard cap, with commitments of $1.15 billion. The middle market buyout fund was oversubscribed, exceeding its $850 million target.

The previous fund in the series, Thompson Street Capital Partners IV, closed at $640 million in 2015.

TSCP V will pursue equity investments of $25 million to $150 million in companies with EBITDA between $5 million and $20 million.