Frontenac, a Chicago-based private equity firm, has closed its eleventh private equity fund at its USD325 million hard cap.
The fund raise was completed in six months based on strong support from existing limited partners of the USD250 million Frontenac X, and the addition of several new investors.
Frontenac focuses on lower middle market buyout transactions in the consumer, industrial, and services industries. The firm works in partnership with proven operating leaders through its CEO1ST approach to identify, acquire, and build market-leading companies. Frontenac XI will remain focused on the investment approach responsible for the successful performance of Frontenac X, which completed its final platform investment in September 2017.
Frontenac is led by the seven-person investment team who managed the successful Frontenac X portfolio. During the deployment phase of Frontenac X, the firm continued to invest in its team, including a Director of Business Development added in 2017.
M2O Private Fund Advisors LLC advised on the formation and placement of the fund, and Winston and Strawn, LLP served as legal counsel.


