Triton to close fund V on €5bn hard-cap
Triton Partners is set to close its fifth buyout fund on its €5bn hard-cap, according to Private Equity News.
The fund was registered in Luxembourg in March as The Triton Fund V and with a target of €4bn, according to Unquote Data.
It has attracted sizable commitments from US-based public pension funds including Los Angeles County Employees Retirement Association, Teacher Retirement System of Texas, and Washington State Investment Board.
The GP closed its lower-mid-market offering, Triton Smaller Mid-Cap Fund, on €448m in July 2018.
The new vehicle will follow the same strategy as its predecessors, focusing on mid-market buyout opportunities in northern Europe. It is looking for companies in the industrial, business services, consumer and healthcare sectors.
For a more in-depth look at Triton's strategy, see Unquote's GP profile of Triton based on an interview with founding partner Peder Prahl.
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