Charlesbank Capital Closes Credit Fund III, Surpassing Target with $1.5b

Private equity powerhouse, Charlesbank Capital Partners, has exceeded expectations by securing $1.5 billion for its third credit fund, COF III, outperforming the initial $1.25 billion target. The firm's impressive track record includes its previous credit fund closing at $1.1 billion.

This latest triumph reinforces Charlesbank's standing as a major player in the industry. The Credit Opportunities Fund III will focus on middle-market enterprises, primarily in North America, boasting enterprise values ranging from $150 million to $3 billion.

Based in both Boston and New York, Charlesbank has accumulated a staggering $17 billion in capital since its inception. Noteworthy limited partners in COF III include public and corporate pensions, endowments, foundations, financial institutions, asset managers, family offices, and high-net-worth individuals.

The successful capital raise underscores Charlesbank's ability to attract a diverse range of investors and signals robust confidence in the firm's strategic investment approach within the middle-market segment.