Nautic Partners, LLC, a Providence, Rhode Island-based middle-market private equity firm, closed its eighth fund at $900m.
Limited partners in the fund included AlpInvest Partners, Ardian, the Arizona State Retirement System, Brown University, the Employees’ Retirement System of the State of Rhode Island, HarbourVest, clients of J.P. Morgan Asset Management, LGT Capital Partners, Nebrodi Partners, New York State Teachers’ Retirement System, and Pathway Capital Management.
Led by Habib Gorgi, Bernard Buonanno, Scott Hilinski, Christopher Crosby, Douglas Hill, Christopher Corey, Christopher Pierce, and James Beakey, Nautic Partners focuses on making equity investments of $25 to $100m in companies in the healthcare, industrial products, and outsourced services sectors.
Founded as part of Fleet Bank in 1986, Nautic spun out in 2000 when it raised Nautic Partners V, its first independent fund. Nautic Partners VIII is the firm’s fourth independent fund.