Sentinel Capital Partners, a mid-market private equity firm, has held the simultaneous closings of Sentinel Capital Partners VII, LP at $4.3 billion and Sentinel Junior Capital II, LP at $835 million. These twin closings cap a $5.2 billion fundraising.
Through Sentinel’s seventh equity fund, the firm will continue the same investment strategy it has employed and refined in previous funds, partnering with talented management teams to acquire mid-market companies with up to $65 million of EBITDA that possess solid business fundamentals in select industries where Sentinel has extensive experience. In addition to platform acquisitions, Sentinel will continue to pursue tuck-in acquisitions and transformational add-on acquisitions as important dimensions of its investment strategy.
Sentinel’s second structured capital solutions fund will offer flexible credit and equity solutions, including senior and junior debt, preferred equity, and other forms of structured capital. These capital solutions will be provided to Sentinel’s own portfolio companies as well as other closely held businesses and private equity–backed companies.
Investors in Sentinel’s new funds include college and university endowments, foundations, state and government retirement systems, corporate pension plans, insurance companies, sovereign wealth funds, investment advisors, and Taft-Hartley plans based in the United States, Europe, Japan, China, Australia, and the Middle East.
The new funds follow two predecessors that Sentinel raised in 2018—Sentinel Capital Partners VI, LP with $2.15 billion of committed capital, and Sentinel Junior Capital I, LP, Sentinel’s first structured capital solutions fund, with $460 million of committed capital.
Supporting the fundraising and representing Sentinel were law firm Kirkland & Ellis LLP and the Private Fund Group of Credit Suisse Securities (USA) LLC.
