Marlin Management Company, LLC, Los Angeles, California-based investment firm with over $1bn of capital under management, announced the first and final closing of Marlin Equity III, L.P., a $650m institutional private equity fund.
Fund III, which was oversubscribed from its original $450m target and completed the closing shortly after the firm launched its limited marketing process in September 2009, will target companies across a variety of industries, including technology, healthcare, business services, consumer products, and manufacturing, among others.
Its limited partners comprise existing and new investors from leading endowments and foundations, public and private sector pension funds, family offices, financial institutions, and insurance companies.
The Fund’s senior investment team includes David McGovern, Nicholas Kaiser, George Kase, Steve Johnson, Andy Martinez, and Peter Spasov.
Marlin has also assembled a team of seasoned operating professionals, with established track records of value creation, who work exclusively with Marlin’s investment professionals throughout the investment process.
The combined team will enable Marlin to execute on complex and challenging situations, including corporate divestitures, bankruptcies, operational and financial restructurings, recapitalizations, and MBOs.