TJC LP – a middle-market private equity firm investing primarily in North American businesses – announced the closing of The Resolute Fund VI, L.P. , totaling $6.85 billion. This Fund was oversubscribed and closed above its initial hard cap of $6 billion. Institutional investors such as public pension funds, multinational corporations, insurance companies, funds of funds, endowments, foundations, and family offices invested in the fund.
TJC’s Resolute VI aims to identify well-managed and profitable companies with enterprise values that range from $100 million to $2 billion, support strategies that drive operational improvements and organic growth, and develop investments through add-on acquisitions accretive to business growth. The Fund will invest across a range of industries, including Consumer & Healthcare, Diversified Industrials, Logistics & Supply Chain, and Technology & Infrastructure, with plans to invest across all sectors to better diversify investments. The firm’s industry focus has also expanded to include industrial technology investments.
Latham and Watkins LLP served as legal counsel.
KEY QUOTES:
“Over the past several years, our firm has grown steadily but significantly while our team culture and chemistry have become even stronger. We will now utilize what will be our largest fund ever to continue to pursue opportunities in the U.S. middle market, building value where we invest while collaborating with strong management partners. We believe that our ability to raise a significant amount of new capital in such a challenging market, and do so with a global base of investors, is a testament not just to TJC’s team and unique culture, but also the durable success of an investment strategy focused on value creation in the U.S. middle market.”
– Rich Caputo, Chairman and Chief Executive Partner of TJC
“We are grateful and appreciative to our long-term partners who have supported TJC’s growth over the last four decades. We remain committed to further cultivating the values on which these relationships were founded and look forward to building on our collective success. We look forward to generating value on behalf of our investors.”
– Kristin Custar, Partner and Head of the Global Investor Capital Group at TJC
