Twin Bridge Capital Partners (Twin Bridge) a private equity firm that targets investments in the North American small and lower middle market, has closed its fifth flagship lower middle market fund, Pacific Street Fund V, with more than $880 million in capital commitments.
Fund V was oversubscribed and exceeded its $800 million target.
Twin Bridge has raised over $3.9 billion in capital and has invested in more than 200 funds and co-investments since the firm’s inception in 2005. Fund V will continue to invest in a diversified mix of top performing lower middle market buyout funds targeting between $400 million and $2 billion in investor commitments, and co-investments alongside the fund sponsors. Similar to prior Pacific Street Series funds, Fund V will allocate between $25-$35 million for fund investments, and between $10-$25 million for co-investments, and will be well diversified by vintage, investment type, sector/industry, and geography.
Fund V received commitments from a broad and diversified list of endowments, foundations, corporate pension plans, family offices, registered investment advisors, and high-net-worth individuals, many that have invested with Twin Bridge previously.
