Arsenal Capital Partners, a private equity firm specializing in industrial growth and healthcare firms, has completed fundraising for two funds with a total of $5.4 billion in capital commitments.

The firm closed Arsenal Capital Partners VI LP with $4.3 billion in capital, exceeding its target of $3.0 billion and above its $2.4 billion predecessor. The firm also closed its Arsenal Capital Partners Growth LP with $1.1 billion in capital commitments and exceeding its target of $750 million.

“The success of these fundraises reflects the strength of our market-leading franchises and our track record of building strategically valuable businesses.  We and our investors see exciting opportunities to invest in technology- and innovation-rich companies in the industrial and healthcare sectors,” commented Jeff Kovach, managing partner of Arsenal. “Moreover, investors have acknowledged the depth of our domain and technical expertise that provides Arsenal the access, relevance, and credibility to compete and win in our target markets.”

Kirkland & Ellis LLP served as legal counsel for Arsenal, Fund VI, and the Growth Fund.