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    Home»Deals & Transactions»Blackstone takes stake in private equity firm Nautic Partners
    Deals & Transactions

    Blackstone takes stake in private equity firm Nautic Partners

    December 17, 2021Updated:December 17, 20211 Min Read
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    A sign for The Blackstone Group L.P. investment firm stands in front of their offices, Monday, Oct. 15, 2018, in New York. (AP Photo/Mark Lennihan)
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    Nautic Partners LLC (“Nautic”), a leading middle-market private equity firm focused on investments in the healthcare, industrials, and services sectors, and Blackstone today jointly announced a new partnership in which funds managed by Blackstone GP Stakes acquired a minority ownership interest in Nautic. Blackstone GP Stakes specializes in value-added, long-term investments in the management companies of leading private equity firms.

    Nautic recently closed on the firm’s tenth private equity fund at a hard cap of $3.0 billion with strong support from both existing and new institutional investors. Nautic closed its previous fund, Nautic Partners IX, in 2019 with $1.5 billion of committed limited partner capital.

    Evercore served as financial advisor to Nautic. Kirkland & Ellis served as legal counsel to Nautic and Simpson Thacher & Bartlett served as legal counsel to Blackstone.

    Read more/Source: Business Wire

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