Corsair Capital closes fifth fund at USD1.0bn

Private equity firm Corsair Capital (Corsair) has held the final close of its fifth fund, Corsair V, with USD1.0 billion of limited partner commitments, and an additional USD264 million of co-investment capital that has been invested to date. 

Corsair V met its target of USD1.0 billion thanks to strong interest from new and existing limited partners. Corsair’s previous fund, Corsair IV, had USD863 million of committed capital.

Corsair V will seek to build on the firm’s expertise and strategy of identifying growing businesses that combine financial services complexity with transformational technology in areas including payments, software, consumer financial product distribution and others.

“The successful close of Corsair V is a recognition of our differentiated strategy and a testament to our team’s ability to partner with best-in-class companies and management teams,” says Ignacio Jayanti, Managing Partner of Corsair. “Through our performance and partnership-driven philosophy, we help our portfolio companies flourish by leveraging our team’s sectoral perspective, deep network of relevant industry relationships and impactful resourcing for value-add initiatives.”

Jayanti says: “We are pleased to have received such strong support from our limited partners, and we would like to thank our investors for their commitment to the firm throughout the years and for the continued confidence they have placed in our team. Our value creation practices continue to evolve from a strong foundation, and the successful close of Fund V reflects the fact that our strategy is working.”