THL Partners closes 10th flagship fund at $6.35 billion
Updated
Updated · The Wall Street Journal · May 4
THL Partners closes 10th flagship fund at $6.35 billion
11 articles · Updated · The Wall Street Journal · May 4
The Boston buyout firm said THL Equity Fund X topped its $6.25 billion target and exceeded the $5.6 billion raised for Fund IX in 2021.
Co-chief executive Todd Abbrecht said recent asset sales helped drive fundraising, with a 92% re-up rate from prior investors including several US public pension funds.
The fund will target high-growth midmarket companies in fintech, healthcare, and technology and business services, as private-equity fundraising remains weak and first-quarter US totals track toward the lowest since 2018.
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