Private equity firm the CapStreet Group LLC has closed a $340 million fund to invest in lower middle market companies. The news comes during the best fundraising climate private equity firms have seen in years.
The fund is called CapStreet IV LP, and is the firm's fourth fund. CapStreet launched fundraising for the fund in November 2013, and surpassed its $250 million target. Mergers & Acquisitions previously reported that CapStreet was raising a fund.