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Coalesce Capital closes oversubscribed $900m inaugural fund

Coalesce Capital, a private equity firm focused on investments in human capital-driven and technology-enabled services companies, has closed its inaugural fund, Coalesce Capital Fund I, and parallel vehicles, with $900m in total capital commitments.

The fund was oversubscribed and secured investor commitments in nine months, above its original target of $750m. Coalesce now has approximately $1bn in regulatory AUM.

The fund’s globally diversified investor base comprises endowments, foundations, healthcare and pension systems, financial institutions and entrepreneurs. Coalesce has begun deploying the fund and recently completed its first investment in Examinetics, a provider of occupational health compliance testing services.

PJT Park Hill served as the exclusive placement agent and Latham & Watkins served as fund formation counsel.

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