PA Capital has held final closes for two of its private equity funds earlier, with its ninth flagship fund, PA Small Company Private Equity Fund IX (Fund IX) closing at USD473 million, above its USD350 million target, and the PA Small Company Co-investment Fund II (Co-invest II) at its USD200 million hard cap.
Consistent with PA’s predecessor multi-manager funds, Fund IX invests with an emphasis on the lower end of the middle market, building a diversified portfolio of fund investments, co-investments, and secondary investments. Co-invest II seeks to capitalise on the firm’s co-investment deal flow generated through its deep GP relationships.
