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Marlin raises USD1.6bn for fourth PE fund

Marlin Management Company has held the first and final closing of Marlin Equity IV with USD1.6bn of capital commitments.

 
Fund IV completed its fundraise at its hard-cap in just over four months and was more than three times oversubscribed from its initial USD1bn target.
 
Consistent with Marlin’s predecessor funds, Fund IV will invest in businesses that can benefit from the firm’s significant capital base, deep industry relationships and extensive network of operational resources. It will focus on industries where Marlin has developed extensive domain expertise, including technology, business services, healthcare, consumer and manufacturing, among others.
 
Marlin has closed four private equity funds since its inception in 2005 and has more than USD2.6bn of capital under management. The limited partners in Fund IV include some of the world’s largest and most sophisticated investors, including leading sovereign wealth funds, public and private pension funds, endowments and foundations, insurance companies, fund of funds and family offices.
 
"We are pleased with the extraordinary level of support that we received from such a prestigious group of global investors," says David McGovern, managing partner of Marlin. "The successful fundraise is a clear endorsement of our operationally focused investment strategy and reflects our ability to deliver superior returns to our investors and partners."
 
Peter Spasov, a partner at Marlin, says: "In just over three years, we have more than doubled our assets under management. To have accomplished this in a difficult fundraising environment speaks to the quality of our team, our innovative and disciplined investment strategy, and the strength of our past performance across economic cycles."

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