Private equity firm Nautic Partners has successfully completed its fund raising for Nautic Partners VIII, which closed on its hard cap of USD900 million.
Nautic began formal fund raising in October 2015 and raised its cap to USD900 million after receiving strong demand from both new and existing investors.
“We are excited to announce our successful closing on Nautic VIII,” says Bernard Buonanno III, Managing Director at Nautic. “We believe the success of this fund raise is a strong endorsement of our ability to deliver long-term results for our investors. In Nautic VIII, we intend to continue to emphasise our expertise in our three primary sector verticals: healthcare, industrial products, and outsourced services. We have developed deep experience within these industries over the firm’s three decades of investing, and will seek to leverage the specialised knowledge and relationship networks we have generated in order to continue to drive performance for our investors. We will also remain focused on our strategy of improving the value of our portfolio companies by enhancing the depth of our management teams, initiating targeted operating initiatives, and closing add-on acquisitions that are both strategically and financially accretive.”
