CORE Industrial Partners (CORE), a Chicago-based private equity firm, today announced the successful final and only close of CORE Industrial Partners Fund II (Fund II) with total commitments of USD465 million.
Fund II was significantly oversubscribed with demand in excess of both the initial target of USD400 million and hard cap of USD450 million. CORE now manages approximately USD700 million of capital commitments.
CORE Industrial Partners Fund II will continue its sector focus in acquiring manufacturing, industrial technology, and industrial service businesses that it believes can benefit from CORE’s deep investment and operating experience coupled with a well-defined operating playbook.
“We are incredibly humbled and grateful for the overwhelming support and continued partnership from our existing investors and the enthusiasm from a select group of new limited partners in Fund II,” says John May, Founder and Managing Partner of CORE Industrial Partners. “We are excited to continue our disciplined strategy in Fund II by acquiring industrial businesses where we believe we can accelerate their growth and create long-term value for our investors, business owners and management teams.”
Read more at: Private Equity Wire
