The Jordan Company (TJC) has closed The Resolute II Continuation Fund with over USD1.3 billion in capital commitments, which funded the purchase of portfolio companies from The Resolute Fund II, a 2007 vintage fund.
The Fund, the first continuation fund established by TJC, provides the firm with additional time and capital to support the continued growth of key portfolio assets, while also providing Resolute II limited partners an attractive liquidity opportunity to solidify their returns.
“With the closing of the Fund, we are thrilled to be extending our partnership with the Fund’s portfolio companies while also providing existing Resolute II limited partners optionality to receive liquidity based on their individual investment objectives,” says Rich Caputo, Chief Executive Partner of TJC.
“The transaction received strong support from existing Resolute II limited partners and was oversubscribed by prospective new investors. We could not be happier with the high-quality investor base the Fund attracted,” adds Kristin Custar, Partner and Head of TJC’s Global Investor Capital Group.
Read more/Source: Private Equity Wire
