Chicago-based private equity firm Periscope Equity has held the final close of Periscope Equity III (Fund III) with with aggregate capital commitments of $370m, exceeding its target of $300m in under 12 months from its official launch.
Fund III’s investor base comprises both new and returning limited partners, featuring a diverse mix of leading university endowments, pension funds, charitable foundations, consultants, funds-of-funds and family offices.
Periscope has experienced significant momentum since raising its first institutional fund in 2018, demonstrating an ability to generate returns and deploy capital over the past seven years while remaining disciplined in its investment strategy. Since 2018, Periscope has raised approximately $700m in committed capital across its three funds, invested in 11 platform companies and completed 28 add-on acquisitions.
Kirkland & Ellis LLP acted as legal counsel and M2O Private Fund Advisors served as the placement agent.
