PROVIDENCE, R.I.–Nautic Partners, LLC (“Nautic Partners Llc”), a leading private equity firm focused on middle-market investments, today announced the successful final closing of its latest fund, Nautic Partners XI (“Fund XI”). The fund, which was significantly oversubscribed, reached its hard cap with $4.5 billion in limited partner commitments, exceeding its initial target of $3.75 billion.
Fund XI represents Nautic Partners LLC’s largest fund to date and attracted strong support from a diverse group of institutional investors. These investors include both long-standing partners and new, notable institutions from across North, Central and South America, Europe, Asia, and the Middle East, demonstrating global confidence in Nautic Partners LLC’s investment strategy.
Scott Hilinski, Managing Director at Nautic Partners LLC, expressed gratitude and acknowledged the importance of investor relationships. “We are deeply grateful to all of our limited partners for their incredible support of Nautic Partners LLC,” said Hilinski. “We believe our consistent success and growth stem from our commitment to executing our thematic and proactive investment strategy while nurturing our unique firm culture. This achievement is a testament to our dedicated team, our extensive executive network, and the invaluable contributions of our limited partners, whose relationships have been crucial to our success over the years.”
Alex Russ, Senior Managing Director at Evercore, highlighted the competitive fundraising environment and Nautic Partners LLC’s exceptional performance. “The overwhelming demand for Fund XI in this challenging fundraising market truly underscores the strength of the Nautic Partners LLC team and the effectiveness of their differentiated investment approach,” noted Russ. “We congratulate Nautic on this significant milestone and are proud to have partnered with them on this successful fundraise.”
Nautic Partners LLC will continue to be guided by its established leadership team of 12 Managing Directors, who collectively bring over 170 years of private equity investment experience to the firm. The investor base for Fund XI is globally diverse and includes leading institutions such as public and private pension plans, insurance companies, health systems, fund of funds, family offices, financial institutions, endowments, and foundations. This successful closing builds on the momentum from Nautic Partners LLC’s previous fund, Nautic Partners X, which closed in 2021 with $3.0 billion of committed capital.
Evercore Private Funds Group served as the exclusive global placement agent for Nautic Partners LLC, and Kirkland & Ellis LLP provided fund counsel.
About Nautic Partners LLC
Nautic Partners LLC is a middle-market private equity firm based in Providence, Rhode Island. With a focused approach, Nautic Partners LLC leverages its expertise and deep market knowledge to invest in specific sub-verticals within the Healthcare, Industrials, and Services sectors. Throughout its 38-year history, Nautic Partners LLC has completed over 155 platform transactions. The firm’s thematic and proactive investment strategy centers on partnering with talented executives and management teams to accelerate the growth of portfolio companies. This growth is driven through strategic acquisitions, targeted operational improvements, and strengthening management team capabilities. For further information about Nautic Partners LLC and its investment approach, please visit www.nautic.com.
Disclaimer: This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security. Investment in any Nautic Partners LLC fund is subject to applicable fund documentation and law.
Contact Information
Jeremy Milner
BackBay Communications
[email protected]
(401) 862-9422
