Brightstar Capital Partners, a private equity firm focused on partnering with families, founders, entrepreneurs, and management teams, announced today that it has successfully closed its second flagship fund at its hard cap, with total commitments of approximately $1.27 billion, inclusive of approximately $60 million from the general partner. Brightstar Capital Partners Fund II, LP (“Fund II”) marks the firm’s largest fund to date, having surpassed its $1.0 billion target. The firm additionally raised approximately $190 million from limited partners for co-investments alongside Fund II.

Founded in 2015 by Andrew Weinberg, Brightstar’s investment strategy is focused on control-oriented investments in North American middle market companies. The firm invests in closely held or family-owned businesses where it drives significant value by leveraging the operating and investment experience of its team as well as its extensive relationship networks. The firm has already deployed capital from Fund II in two platform investments – Brightstar Corp. and Amerit Fleet Solutions. Since its founding, Brightstar has completed 22 transactions and its portfolio companies employ over 11,000 people and generate aggregate annual revenue of over $6.0 billion.

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Source: PR Newswire