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Marlin raises USD650m for third private equity fund

Marlin Management has completed the first and final closing of Marlin Equity III, a USD650m institutional private equity fund that seeks capital appreciation through investments in businesses undergoing operational, financial or market driven change.

Marlin targets companies across a variety of industries, including technology, healthcare, business services, consumer products, and manufacturing.

Marlin has closed three private equity funds since its inception in 2005 and has over USD1bn of capital under management.

Fund III’s limited partners comprise a mix of existing and new investors from leading endowments and foundations, public and private sector pension funds, family offices, financial institutions, and insurance companies.

Fund III was three times oversubscribed from its original USD450m target and completed a first and final closing shortly after Marlin launched its limited marketing process in September 2009.

David McGovern, managing partner of Marlin, says: “We are extremely grateful for the strong support we received from such a prominent group of returning and new institutional limited partners. Our successful fundraise is a testament to our track record of creating value for our investors through complex transactions and operational improvements. Our increased capital base will enable us to fully take advantage of the vast number of attractive opportunities we see in the market today.”

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