Twin Bridge Capital Partners has closed its third fund of funds, Pacific Street Fund III, on its $452.75 million target, according to documents filed with the US Securities and Exchange Commission last week.
Twin Bridge was unavailable for comment at press time.
The firm’s prior two fund of funds vehicles both closed on slightly more than $500 million, according to Private Equity International’s Research and Analytics division.
Twin Bridge invests in mid-market funds that focus on a limited number of industries and geographies, including American Industrial Partners, Carousel Capital, Odyssey Investment Partners, Sentinel Capital Partners and Thoma Bravo, according to the firm’s website.
Twin Bridge has also made more than 90 co-investments in mid-market companies, including auto service franchise DrivenBrands, owned by Harvest Partners; online security company Blue Coat Systems, owned by Thoma Bravo; and seafood company Bumble Bee, purchased by Lion Capital in 2010 for $980 million.
Chicago-based Twin Bridge was founded in 2005 by Debbie Ackerman and Brian Gallagher, who were previously partners at Prudential affiliate PPM America Capital Partners.