Sentinel Capital Partners, a private equity firm that invests in midmarket companies, has closed its Sentinel Capital Partners VII LP at $4.3 billion and Sentinel Junior Capital II LP at $835 million.
Through Sentinel’s seventh equity fund. the firm looks to continue partnering with management teams to acquire midmarket companies with up to $65 million of EBITDA that possess business fundamentals in select industries where Sentinel has experience. Sentinel’s second structured capital fund will offer credit and equity services, including senior and junior debt, preferred equity and other forms of structured capital to Sentinel’s portfolio companies as well as other businesses and private equity-backed companies.
“We are incredibly pleased with the support we have received from an outstanding group of LPs during an extremely challenging period for investors,” says David Lobel, founder and managing partner of Sentinel. “Strong investor demand resulted in Sentinel VII securing commitments above its hard cap.”
Kirkland & Ellis LLP and Credit Suisse Securities LLC supported and represented Sentinel with the funds.