American Pacific Group (APG), a private equity firm focused on partnering with lower middle market companies across industries in North America, has closed its second fund, American Pacific Group Fund II at its hard cap of $700 million. The fund was oversubscribed.
The fund attracted commitments from institutional investors based in the United States and Europe, including endowments, foundations, a healthcare system, insurance companies, family offices, pension systems, and asset managers.
American Pacific Group was founded in 2019 by Fraser Preston, a former managing director at HIG Capital. The company seeks to partner with companies at an inflection point who are well-positioned to benefit from APG’s operational and strategic support to drive growth.
APG did not engage a placement agent.
Kirkland and Ellis LLP served as fund formation counsel.
