Dextra Partners, a private equity firm, has closed its Dextra Co-investment Fund VII at its hard cap of $825 million. The fund has exceeded its initial target of $650 million, bringing the firm’s total assets under management to approximately $5 billion.
The fund attracted a global investor base, including pensions, insurance companies, and family offices. Over half of the commitments came from investors outside the United States. Sixty percent of the investors had a pre-existing relationship with the firm’s founding partners before Dextra was established in 2022.
Dextra’s fund will focus on making equity co-investments in resilient middle-market companies. The firm’s integrated investment model aims to streamline sourcing and decision-making by leveraging its relationships with investment sponsors where it is also a limited partner.
KEY QUOTES:
“We are incredibly grateful for our investors’ strong and enthusiastic support. We believe this is a testament to our ability to deliver differentiated investment opportunities sourced from top-tier middle market sponsors utilizing our holistic partnership-oriented business model.”
“Middle market private equity, while a highly attractive segment, can be challenging to navigate. We believe our co-investment program offers investors an efficient route to access high quality portfolios built through our differentiated GP relationships and time-tested investment process.”
The founding partners
