TZP Fund II Raises $370 Mln

TZP Group said Friday that its most recent fund closed at $370 million. TZP Capital Partners II LP completed its fundraise in just nine months and was oversubscribed from its initial $300 million target. TZP II will focus on control investments in business and consumer services companies with enterprise values between $50 million and $250 million. Robert Blaustein of Kirkland & Ellis was legal counsel. TZP did not use a placement agent.

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