Palladium Equity Partners LLC has closed a $1.14 billion fund that will focus on investments in the U.S. Hispanic marketplace.

The fund, called Palladium Equity Partners IV LP, exceeded the firm's $800 million target. Palladium's previous fund, Palladium Equity Partners III LP, was created to invest in lower middle-market companies, also focusing on the U.S. Hispanic market. That fund closed at $775 million.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.