THL Partners has closed its tenth flagship fund at $6.35bn, exceeding its $6.25bn target and marking an increase on the $5.6bn raised for its previous vintagem which closed back in 2021, according to a report by the Wall Street Journal.
The Boston-based firm said the strong close was supported by high investor retention, with a 92% re-up rate from limited partners in its prior fund. The raise comes at a time when private equity fundraising has been under pressure due to slower distributions and...
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