Silversmith Capital Partners (Silversmith) has held the first and final close of its fourth fund, Silversmith Capital Partners IV (Fund IV), which was significantly oversubscribed, at its hard cap of $1.25 billion.
In addition to the $1.25 billion from limited partners, the Silversmith team will contribute $90 million to Fund IV.
Fund IV is the firm’s largest to date and brings total capital raised to more than $3.3 billion since its founding in 2015.
Silversmith received strong support from its existing investor base of leading endowments, foundations, fund-of-funds and pension funds, while also adding a small number of new institutional investors. In addition, 50 CEOs, founders, and industry executives invested in Fund IV. The firm closed its first fund of $460 million in 2015, its second fund of $670 million in 2018, and its third fund of $880 million in 2020.
Read more: Private Equity Wire
