Pfingsten, a private equity firm formed in 1989, has closed its sixth investment fund, Pfingsten Fund VI, with total capital commitments of $435 million, surpassing its $350 million target.

Pfingsten focuses on investments in entrepreneur and family-owned lower-middle market manufacturing, distribution and business services companies with transaction values ranging from $15 to $100 million. Pfingsten will seek to build value through operational improvements, professional management practices, global capabilities and profitable business growth while utilizing conservative capital structures.

“Pfingsten will continue to invest in companies where our operational resources and financial expertise drive value by building better businesses,” states Phil Bronsteatter, managing director.

Kirkland & Ellis LLP served as legal counsel and Shannon Advisors LLC acted as placement agent.