Dallas-based private equity firm CenterOak Partners announced today the closing of CenterOak Equity Fund III, L.P.. This fund was oversubscribed and achieved its hard cap with total capital commitments of over $1.1 billion.
This fund’s capital was largely committed by existing institutional investors. And it also attracted support from many new limited partners globally, including private and public pensions, endowments and foundations.
PJT Park Hill acted as global placement agent and Kirkland & Ellis LLP acted as fund formation counsel.
KEY QUOTES:
“We appreciate the strong support from our limited partners which allowed us to complete the fundraise in a short period of time. The successful close of Fund III validates our active, clearly defined investment process and our team’s strategic focus on creating value for our investors and management teams.”
- Randall Fojtasek, Chief Executive Officer and Co-Managing Partner of CenterOak
“The demand for Fund III is a testament to the experience of our team. Our theme-driven investment approach and differentiated sourcing allows us to find attractive entry points into large and fragmented categories. We remain focused on providing capital to families, founders and talented executives to build meaningful businesses.”
• ⁃ Jason Sutherland, Co-Managing Partner of CenterOak
