The Sterling Group Closes $820 Million Fund III

The Sterling Group, L.P., a Houston based middle-market private equity firm, announced the final closing of its third fund, Sterling Group Partners III, L.P., at $820m.
Fund III, which closed significantly above its $600m target, will focus on middle-market businesses in manufacturing, industrial service and distribution, typically with $100m to $500m in total enterprise value.
Limited partners in the fund include a diverse group of public and private pension plans, fund-of-funds, financial institutions, foundations and individuals.
Significant investors include Allianz Capital Partners, Inc., Canada Pension Plan Investment Board (CPPIB), Constitution Capital Partners, the Credit Suisse Customized Fund Investment Group, DuPont Capital Management, Hancock Capital Management, New York State Teachers’ Retirement System, RCP Advisors and the State of Wisconsin Investment Board.



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