TJC, a middle-market private equity firm investing primarily in North American businesses, has held the final closing of Resolute Fund VI (Resolute VI), with total capital commitments of $6.85bn, an amount significantly above its initial $6bn hard cap.
The oversubscribed fund attracted support from a range of institutional investors, including public pension funds, multinational corporations, insurance companies, fund of funds, endowments, foundations and family offices.
According to a press statement, TJC’s Resolute VI aims to “identify well-managed and profitable companies with enterprise values ranging from $100m to $2bn, support strategies that drive operational improvements and organic growth and develop investments through add-on acquisitions accretive to business growth”.
The fund will invest across a range of industries, including consumer and healthcare, diversified industrials, logistics and supply chains and technology and infrastructure, with plans to invest across all sectors to better diversify investments. The firm’s industry focus has also expanded to include industrial technology investments.