The Gores Group, a Los Angeles, CA-based private equity investment firm, closed its third fund with capital commitments of $2 billion.
Gores Capital Partners III, L.P. will acquire companies, primarily in the technology, telecommunications, business services, industrial, consumer, and healthcare sectors. Total capital commitments in the fund exceeded the $1.5 billion target by over 30%.
Led by founder and Chairman Alec Gores, The Gores Group makes control buyout investments in non-core, underperforming or undervalued businesses in the United States and Europe. It maintains an in-house team of over 60 M&A and operations professionals in the U.S. and Europe.
The firm maintains offices in Boulder, CO, and London, UK.