Sterling Group Surpasses Target, Closes Oversubscribed Fund VI at $3.5 Billion

The Sterling Group, known for its operational focus in the industrial middle market, celebrates the successful closure of Sterling Group Partners VI, LP (alongside its parallel fund, "Fund VI"). Surpassing its initial target of $2.75 billion, Fund VI garnered overwhelming support, reaching its hard cap at $3.5 billion. Notably, this exceeds the $2.0 billion raised by Sterling's previous fund in June 2020.

The bulk of Fund VI's capital comes from returning investors, underscoring their confidence in Sterling's investment approach. Additionally, the firm welcomes new investors, expanding its Limited Partner base across the United States, Europe, the Middle East, and Asia. Franny Jones, Partner of Investor Relations, highlights Sterling's forty-year track record of value creation and emphasizes the ripe opportunities in today's industrial middle market, coupled with their proven Seven Lever value creation strategy, which bodes well for Fund VI's success.