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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