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ACON Investments closes fourth US private equity fund at USD1.07bn

ACON Investments has held the final closing of ACON Equity Partners IV (AEP IV) with commitments of approximately USD1.07 billion, the fund’s hard cap.

The fund represents ACON’s fourth US investment fund targeting mid-market control investments primarily in US businesses.
AEP IV was significantly oversubscribed in relation to its target commitments of USD850 million with substantial re-commitments from existing ACON investors as well as several new limited partners.
The fund’s investors include public and private pensions, sovereign wealth funds, insurance companies and other institutional investors from North America, Asia, and Europe.
The fund has already closed its first two investments – a take-private of an infrastructure services business and a control investment of a specialty pharmacy business. Additionally, the fund has a robust pipeline of opportunities currently under review.
Evercore Private Funds Group acted as global placement agent and Hogan Lovells served as ACON’s primary fund counsel.

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