Paceline Equity Partners (Paceline), a Dallas-based private equity manager, has held the final closing of commitments to Paceline Equity Partners Opportunity Fund I, and Paceline Equity Partners Opportunity Fund I (Cayman) with total commitments of USD350 million.

In addition, Paceline has raised and currently manages USD64 million of third-party equity capital to invest alongside deployments from Fund I. Paceline has also raised a committed co-investment partnership with another investor, and, in aggregate, Paceline has raised USD449 million of equity capital to date.

Chief Executive Officer Sam Loughlin says: “It is the trust and confidence of our investor base that allows Paceline to navigate this highly complex investment environment with conviction and agility. We are grateful for the opportunity to source and manage investments on behalf of our limited partners, and I firmly believe that our team’s collective experience has enabled us to do so in a way that differentiates us from other managers.”

Paceline remains dedicated to value-oriented, opportunistic, and special situations investments across corporate credit, real assets, and private equity in all market environments. The seven founding partners of the firm have an average of 23 years of experience, worked together as a team for 13 years, and are supported by 12 investment professionals with diverse skillsets across asset classes and industries.

Read more/Source: Private Equity Wire