Sunstone Partners, a growth-oriented private equity firm, has held the final institutional close of its oversubscribed $925 million third fund, Sunstone Partners III (Fund III), at its hard cap.
Fund III, which more than doubles the total committed capital managed by Sunstone Partners, is the firm’s largest fund to date and brings total committed LP capital to $1.7 billion since inception in 2015.
Sunstone Partners received strong support from its existing investor base of leading endowments, foundations, family offices, fund-of-funds and pension funds, while also adding a number of new institutional investors.
Read more: Private Equity Wire
