The Jordan Company, LP, a middle market private equity firm, has closed The Resolute Fund V, LP.

The fund raised $5 billion in capital commitments from a range of limited partners including public pension funds, sovereign wealth funds, multinational corporations, insurance companies, endowments and family offices. The fund closed above its hard cap of $4.5 billion and is the largest fund raised in the firm’s history.

The fund will enhance the firm’s capacity to invest in middle market firms across its four industry verticals consumer & healthcare, industrials, technology and telecom & utility, and logistics & supply chain. The firm’s portfolio includes 41 companies generating $19.7 billion in annual revenue.

“We are grateful for our investors support and continued confidence in our investment strategy as we close the largest fund in our nearly 40-year history,” said Rich Caputo, chief executive partner of The Jordan Company. “Resolute V enables us to continue executing on our proven investment approach of buying high-quality growth-oriented companies with experienced management teams.”

Mayer Brown LLP served as legal counsel.