Arcline Investment Management LP, a San Francisco-based private equity firm, has closed its Arcline Capital Partners III LP with capital commitments of $4.5 billion.

Since its founding in 2019, Arcline has invested in 20 platform companies and completed 90 add-on acquisitions in sectors including aerospace and defense, energy transition, food and beverage, health and safety, life sciences, medical devices and micro-electronics.

“Fund III will continue to focus on opportunities where Arcline can create value by accelerating the growth of high-quality companies in partnership with talented business owners, industry executives and management teams,” says Arcline.

Kirkland & Ellis LLP served as fund counsel to Arcline.