PROVIDENCE, R.I.–Nautic Partners, a prominent private equity firm focused on middle-market investments, has announced the successful final closing of its latest fund, Nautic Partners XI (Fund XI). The fund significantly exceeded its initial target, reaching its hard cap with $4.5 billion in commitments from limited partners. This achievement marks Fund XI as the largest fund to date for Nautic Partners, surpassing the initial goal of $3.75 billion and the previous Fund X which closed at $3.0 billion in 2021.
The substantial investor interest in Fund XI highlights the continued confidence in Nautic Partners‘ investment strategy and team. Fund XI garnered strong support from a diverse group of both long-term investors and new institutional partners. These commitments came from across the globe, including North, Central and South America, Europe, Asia, and the Middle East, demonstrating the firm’s global appeal and strong reputation within the investment community.
Scott Hilinski, Managing Director at Nautic Partners, expressed gratitude for the overwhelming support from their limited partners. “We are humbled by and incredibly grateful to all of our limited partners for their support of Nautic,” Hilinski stated. He further attributed the firm’s consistent growth and success to their disciplined investment strategy and the maintenance of their core values and culture. Hilinski emphasized the crucial role of the Nautic Partners team, their extensive executive network, and the valuable relationships with their limited partners in achieving this milestone.
Alex Russ, Senior Managing Director at Evercore, Nautic Partners‘ exclusive global placement agent, also commented on the fundraise success. “The substantial demand that Nautic received for Fund XI in this highly competitive fundraising market really speaks to the caliber of their team and to their differentiated investment strategy,” Russ noted. He congratulated the entire Nautic Partners team on this significant achievement, recognizing it as an important milestone in the firm’s history.
Nautic Partners will continue to be guided by its experienced leadership team, comprised of 12 Managing Directors who collectively bring over 170 years of private equity investment expertise to the firm. The diverse investor base of Fund XI includes leading global institutions such as public and private pension plans, insurance companies, health systems, fund of funds, family offices, financial institutions, endowments, and foundations. This broad mix of investors underscores the wide-ranging trust and confidence placed in Nautic Partners and its investment approach.
About Nautic Partners
Based in Providence, Rhode Island, Nautic Partners is a well-established middle-market private equity firm with a 38-year history of successful platform transactions, exceeding 155 to date. The firm concentrates its expertise and market knowledge on specific sub-verticals within the Healthcare, Industrials, and Services sectors. Nautic Partners employs a thematic and proactive investment strategy, actively seeking partnerships with executives and management teams. Their goal is to accelerate the growth of their portfolio companies through strategic acquisitions, targeted operational improvements, and enhancing management team capabilities. Further information about Nautic Partners and their investment philosophy can be found at their website, www.nautic.com.
Disclaimer: This press release serves informational purposes only and does not constitute an offer to invest in any Nautic fund.
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Jeremy Milner
BackBay Communications
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