Marlin Equity Partners LLC has raised $3.25 billion in capital commitments for two private equity funds. The firm’s flagship fund, Marlin Equity V L.P., closed with approximately $2.5 billion in commitments and its small cap fund, Marlin Heritage II L.P., raised $750 million.
Fund V will target middle-market businesses across North America and Europe, while Heritage II will target lower middle-market companies in North America. Both funds will seek to invest within the software, technology, healthcare IT, business services, and industrial technology. Fund V and Heritage II mark as the largest pool of capital raised by the firm since its inception in 2005. Kirkland & Ellis LLP served as legal adviser on both funds, while Credit Suisse Securities USA LLC (NYSE: CS) acted as financial adviser.