Twin Bridge Capital Partners, a private equity firm focused on small and lower middle market investments, has closed its fifth flagship fund, Pacific Street Fund V LP.

The fund closed with over $880 million in capital commitments and was oversubscribed and exceeded its $800 million target. The fund will look to invest between $25-$35 million for fund investments, and $10-25 million for co-investments and will diversify across vintage, investment type, sector and industry, and geography.

“We believe the small and lower middle markets will continue to provide the best risk reward balance as these companies typically have multiple avenues to value creation,” said Brian Gallagher, partner at Twin Bridge. “Manager selection is critical in these uncertain markets, and we are grateful to our limited partners who have expressed confidence in our ability to recognize opportunity and create value.”

Kirkland & Ellis LLP served as legal advisor to Twin Bridge.