Sentinel Capital Partners, a NYC-based private equity firm that invests in lower middle market companies, closed two funds, for $2.6 billion in total capital raised.
The funds include:
– Sentinel Capital Partners VI, L.P. at $2.15 billion, and
– Sentinel Junior Capital I, L.P. at $460 million.
The new funds’ investors include college and university endowments, foundations, state and government retirement systems, corporate pension plans, insurance companies, sovereign wealth funds, investment advisors, family offices, and Taft-Hartley plans located in the United States, Europe, China, Japan, Australia, and the Middle East.
Led by David S. Lobel, founder and Managing Partner, and and John F. McCormack, co-founder, Sentinel will continue to partner with talented management teams to invest in management buyouts, purchases of family businesses, corporate divestitures, going-private transactions, and special situations of businesses with up to $65 million in EBITDA and solid business fundamentals, in such industries as aerospace/defense, business services, consumer, distribution, food/restaurants, franchising, healthcare, and industrials.
The junior capital fund will primarily serve as a mezzanine financing source for new Sentinel platform companies.