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CL announces final close of Everstone Capital Partners III at $730m

CATEGORY: Transactions
DATE: 15 September 2015
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Campbell Lutyens is pleased to announce the final close of Everstone Capital Partners III at $730 million. This fundraising comprises $700 million of LP capital from leading institutional investors, and an additional $30 million commitment from Everstone and its affiliates. Institutional demand significantly exceeded capacity, resulting in the fund closing at its hard cap.

Investors who had backed Everstone previously committed the majority of the capital, either maintaining or increasing their commitment sizes. A select number of new marquee LPs also joined. Over 50% of the capital came from North America, while Europe constituted approximately 37%. The investors are well diversified, and include significant public  pension plans, insurance companies, endowments and select asset managers.

Campbell Lutyens acted as exclusive global placement agent.