York Capital raises $800 million for third special opportunities private equity fund
York Capital Management (“York”), a global private investment firm, today announced it has successfully closed its third and largest ever North American middle-market special opportunities private equity fund, York Special Opportunities Fund III, L.P. (“Fund III”), with final capital commitments of approximately $800 million.
Campbell Lutyens acted as placement agent on the fundraise.
In line with its predecessor funds, Fund III’s investment strategy primarily targets control investments in middle-market businesses led by experienced management teams. Fund III generally employs a conservative approach to leverage, targeting investment returns from growth and achieving management plans. It seeks to take advantage of unique company situations across cycles and sectors and has a target equity investment size of $35–$200 million. York’s Private Equity strategy has a flexible investment mandate, enabling it to tailor each platform investment to the needs of existing owners and management teams while offering creative structuring options.