Thompson Street Capital Secures Backing for $1.5B Continuation Fund

Hamilton Lane, StepStone Lead Fund to Extend Investments

Thompson Street Capital Partners (TSCP) has raised $1.5 billion for its second continuation fund, designed to extend the life of select portfolio companies. Leading the initiative are Hamilton Lane and StepStone, two prominent private equity investors. The continuation fund will focus on sectors such as healthcare and life sciences, key areas for TSCP, which has a history of targeting middle-market companies. Based in St. Louis, TSCP has previously raised $1.5 billion in 2021 for its fifth flagship fund. The latest fund demonstrates ongoing demand for TSCP’s expertise in scaling high-growth companies.