Searchlight Capital Partners has held the final close of Searchlight Capital III, with total committed capital of USD3.4 billion. This is the third private equity fund the firm has raised since it was founded in 2010.“We are truly grateful for the support of our investors,” the Founding Partners of Searchlight said. “The Firm’s capital structure flexibility, industry expertise, and geographic reach position us very well to invest in this unprecedented environment. The Fund is already 30 per cent committed to investments in partnership with leading management teams and entrepreneurs.”
Like its predecessors, Searchlight’s latest Fund will target investments in North America and Europe, leveraging the Firm’s teams in both geographies to pursue opportunities in a range of sectors including communications, media and financial and business services, amongst others.
Latham & Watkins LLP served as legal counsel to the Fund.
