One Equity Partners, a middle market private equity firm, today announced the closing of One Equity Partners VIII, L.P., with committed capital of $2.75 billion. Thanks to strong demand from investors, the fund was significantly oversubscribed, and the hard cap was increased. The closing of OEP VIII brings the firm’s combined assets under management and committed capital to approximately $10 billion.
OEP VIII is the firm’s largest independent fund to date since OEP completed its spin out from JP Morgan in 2015. The fund attracted commitments from limited partners in 25 countries around the world, including financial institutions, public and private pension plans, asset managers, funds of funds, insurance companies, family offices, high net-worth individuals, and foundations.
OEP will continue to target equity investments between $30 million and $300 million in technology, industrial and healthcare businesses across North America and Europe. OEP VIII has already closed 12 new platform investments and recently signed a 13th investment. These investments include AMECO, BRUSH, Cicor, Wood Technologies International, Momentum Manufacturing Group, Armis, Rosboro, InfuCare Rx, Eco Material Technologies, Montgomery Transport, Norit Activated Carbon, Trustmarque and PGW Auto Glass.
OEP’s previous fund, One Equity Partners VII, L.P., closed in 2019 with $1.75 billion in commitments.
Read more: Business Wire
