Private equity firm CCMP Capital has closed a fund with $3.6 billion during the best fundraising environment firms have seen in years.
The fund, CCMP III, brings the firm’s assets under management and committed capital to about $7.5 billion.
CCMP previously closed CCMP Capital Investors II in 2006 with $3.4 billion in commitments.
The new fund will act as a middle-market buyout and growth equity vehicle that will focus on consumer, industrial, energy and health care investments. CCMP III has already invested in Jamieson Laboratories, the Hillman Group and Jetro Cash & Carry.
CCMP, headquartered in New York, generally invests between $100 million and $500 million per transaction. The firm was spun out of J.P. Morgan in 2006 and is owned by its partners. In July, the firm agreed to pay $890 million for Solvay’s environment services business unit.
Many private equity firms have been raising funds. Earlier in September, the Carlyle Group (Nasdaq: CG) closed a $3.9 billion fund, and before that BV Investment Partners closed a $487 million fund.
For more on the fundraising climate, see our video "Healthy Appetite for Private Equity."