American Pacific Group, a San Francisco-based private equity firm that makes control investments in complex opportunities primarily in North America, has closed its debut fund, American Pacific Group Fund I, in February 2020 with USD450 million of committed capital.The Fund was significantly oversubscribed and closed at its hard cap without the use of a placement agent following the launch of the fundraise in December 2019. American Pacific Group secured commitments from a diversified investor base comprised of leading institutional limited partners based in the US and Europe.
“We are very grateful to our partners for their unwavering support and enthusiastic response to our inaugural fund,” says Nick Wall, Chief Operating Officer of American Pacific Group.
Led by Fraser Preston, with 19-plus years of private equity investing experience and formerly a Managing Director at HIG Capital, American Pacific Group has extensive experience in working with companies to resolve complexity, remove obstacles to growth and achieve their full potential. American Pacific Group Fund I will invest across sectors with a particular focus on technology.
“We look forward to applying our proven approach to value creation as we support businesses in achieving their growth potential,” says Fraser Preston, Managing Partner of American Pacific Group.
Paul Watt, Barry Le Vine, Emma Whenham and Bryan Tollin of Kirkland & Ellis LLP served as legal counsel to American Pacific Group.