Twin Bridge Capital Partners, a leading private equity firm specializing in the North American small and lower middle market, has announced the successful closing of its Pacific Street Fund V, L.P. (“Fund V”). The fund, focused on continuing Twin Bridge’s strategy of investing in top-tier lower middle market funds and co-investments, closed with over $880 million in capital commitments, exceeding its initial target of $800 million and demonstrating strong investor confidence in Twin Bridge Capital Partners.
Brian Gallagher, Partner at Twin Bridge Capital Partners, highlighted the firm’s positive outlook on the sector, stating, “We believe the small and lower middle markets will continue to offer an attractive risk-reward profile. In these markets, strong manager selection is paramount, and we appreciate the trust our limited partners have placed in our ability to identify opportunities and generate value.”
Since its inception in 2005, Twin Bridge Capital Partners has established a robust track record, raising over $3.9 billion in capital and investing in more than 200 funds and co-investments. Pacific Street Fund V will continue this successful strategy, focusing on diversification across vintage years, investment types, sectors, industries, and geographies. The fund is set to invest in high-performing lower middle market buyout funds with investor commitments ranging from $400 million to $2 billion, and will also pursue co-investment opportunities alongside these fund sponsors. Investment sizes will range from $25-$35 million for fund investments and $10-$25 million for co-investments, consistent with the firm’s disciplined approach.
Fund V attracted a diverse group of investors, including endowments, foundations, corporate pension plans, family offices, registered investment advisors, and high-net-worth individuals. Significantly, many of these commitments came from existing limited partners, underscoring their continued confidence in Twin Bridge Capital Partners‘ investment strategy and execution. To date, Pacific Street Fund V has already made 25 investments, including commitments to Carousel Capital Partners VI, L.P., and Shamrock Capital Growth Fund V, L.P., indicating a rapid deployment of capital into promising opportunities.
The predecessor fund, Pacific Street IV, L.P., closed in 2017 with $779 million in commitments, further illustrating the growth and investor appetite for Twin Bridge Capital Partners’ focused investment approach.
Kirkland & Ellis LLP provided legal counsel to Twin Bridge Capital Partners for this fundraise.
About Twin Bridge Capital Partners
Twin Bridge Capital Partners is a Chicago-based private equity firm with a strong focus on the North American small and lower middle market buyout sector. The firm specializes in investments in leveraged buyout funds and direct equity co-investments across a wide range of industries. With over $3.9 billion raised since 2005, Twin Bridge Capital Partners has established itself as a significant player in the lower middle market private equity space. For further information, please visit www.twinbridgecapital.com.
Investor Contact:
Twin Bridge Capital Partners
Darren Pearl
Head of Investor Relations
312-284-5608
Darren Pearl Email
Media Contact:
KWM Communications
Kellie Walsh
914-315-6072
Kellie Walsh Email
SOURCE Twin Bridge Capital Partners
