The Jordan Company LP has held the final closing of its third private equity fund with commitments totalling USD3.2 billion.
The fund had a target of USD3 billion, but reached its hard cap. In demonstrating a continued alignment of interest with its investors, the General Partner committed over USD200 million of capital to The Resolute Fund III.
As with the firm’s two predecessor funds, The Resolute Fund III will target middle market companies across a variety of industries, including industrial products and services, energy, chemicals, healthcare, and financial services, with enterprise values between USD100 million and USD2 billion.
"We are extremely gratified by the support we received from both existing and new investors worldwide in successfully raising Resolute III,” says Jay Jordan, founder, Co-Chief Executive Officer and Managing Partner. “We continue to see that private equity remains a key component in the portfolios of many institutional investors worldwide.”
“Our limited partners understand our value-added investment approach, and appreciate the hands-on operational expertise we employ to enhance the growth of our portfolio companies,” says Rich Caputo, Co-Chief Executive Officer and Managing Partner. “We continue to believe middle market businesses with solid market positions and good growth prospects are an attractive place to invest.”
