US-based private equity firm Revelstoke Capital Partners closed its co-investment fund at $303m yesterday, after signing up a range of unnamed insurance providers as limited partners.
Revelstoke Capital Partners Co-Investment Fund I, which was oversubscribed, has also been backed by unnamed pension plans, sovereign wealth funds, family offices, endowments and funds of funds.
Revelstoke has not disclosed details about the investments it is seeking to make through the fund. The firm’s portfolio currently includes startups in the healthcare, transport and logistics, and business and industrial services sectors.
Simon Bachleda, co-founder and managing partner of Revelstoke, said: “The close of our fund caps a highly productive year for Revelstoke during which we acquired three platform companies, completed five add-on acquisitions and successfully exited our first portfolio company.
“Our seasoned investment team and stable of operating partners are actively evaluating numerous new investment opportunities while continuing to provide strategic guidance in growing our existing businesses organically and through add-on acquisitions.”