The Sterling Group Raises $3.5 Billion in Oversubscribed Sixth Private Equity Fund
The Sterling Group Raises $3.5 Billion in Oversubscribed Sixth Private Equity Fund
Evercore Private Funds Group acted as the exclusive global placement agent, and Kirkland and Ellis, LLP served as fund counsel.HOUSTON, April 22, 2024 /PRNewswire/ -- The Sterling Group ("Sterling"), an operationally focused, industrial middle market private equity firm, is pleased to announce the closing of Sterling Group Partners VI, LP (together with its parallel fund, "Fund VI"). Fund VI exceeded its target of $2.75 billion and was significantly oversubscribed at its hard cap of $3.5 billion. Sterling's previous fund closed in June 2020 with $2.0 billion of limited partner commitments.
休斯顿，2024年4月22日 /PRNewswire/ — 以运营为重点的工业中间市场私募股权公司斯特林集团（“Sterling”）欣然宣布关闭Sterling Group Partners VI, LP（及其平行基金 “VI”）。VI基金超过了27.5亿美元的目标，并以35亿美元的硬上限获得了大幅超额认购。斯特林之前的基金于2020年6月关闭，有限合伙人承诺的资金为20亿美元。
The majority of Fund VI's capital was committed by returning investors. Sterling welcomes several new investors that expand the firm's Limited Partner base in the United States, Europe, the Middle East and Asia. "Sterling has a four-decade track record of value creation across the economic cycle," added Franny Jones, Partner, Investor Relations. "The secular tailwinds underpinning today's industrial middle market, when combined with our proven Seven Lever value creation strategy, present tremendous opportunities for Fund VI."
VI基金的大部分资本是由回归投资者投入的。Sterling欢迎几位新投资者扩大公司在美国、欧洲、中东和亚洲的有限合伙人基础。投资者关系合伙人弗兰尼·琼斯补充说：“英镑在整个经济周期中拥有四十年的价值创造记录。”“支撑当今工业中间市场的长期利好因素，再加上我们久经考验的七杠杆价值创造战略，为VI基金提供了巨大的机遇。”
Consistent with Sterling's successful history over four decades, Fund VI will primarily target corporate carve-outs and family businesses in the industrial sector. The firm emphasizes its operational approach in partnership with management teams to grow and improve its portfolio companies. Sterling's partner group, including Greg Elliott, Brian Henry, Scott MacLaren, Brad Staller, Kent Wallace, Jim Apple, Franny Jones and Jud Morrison have a collective 100-plus years working at Sterling.
与斯特林四十年来的成功历史一致，VI基金将主要针对工业领域的企业分拆和家族企业。该公司强调其与管理团队合作的运营方法，以发展和改善其投资组合公司。斯特林的合伙人团队，包括格雷格·埃利奥特、布莱恩·亨利、斯科特·麦克拉伦、布拉德·斯托勒、肯特·华莱士、吉姆·苹果、弗兰尼·琼斯和贾德·莫里森，在斯特林共工作了100多年。
Evercore Private Funds Group acted as the exclusive global placement agent, and Kirkland and Ellis, LLP served as fund counsel.
Evercore私募基金集团担任全球独家配售代理，柯克兰和埃利斯律师事务所担任基金法律顾问。
About The Sterling Group
关于斯特林集团
Founded in 1982, The Sterling Group is a private equity and private credit investment firm that targets investments in basic manufacturing, distribution, and industrial services companies. Typical enterprise values of these companies at initial formation range from $100 million to $750 million. Sterling has sponsored the buyout of 71 platform companies and numerous add-on acquisitions for a total transaction value of over $24 billion. Sterling currently has $9.4 billion of assets under management. For further information, please visit .
Sterling Group成立于1982年，是一家私募股权和私人信贷投资公司，目标投资于基础制造、分销和工业服务公司。这些公司在初始成立时的典型企业价值在1亿美元至7.5亿美元之间。Sterling赞助了对71家平台公司的收购和多项附加收购，总交易额超过240亿美元。英镑目前管理着94亿美元的资产。欲了解更多信息，请访问。
Past performance is no guarantee of future results and all investments are subject to loss.
过去的表现并不能保证未来的业绩，所有投资都可能蒙受损失。
SOURCE The Sterling Group, L.P.
来源 Sterling Group，L.P.