Aurora hits target, eyes cap on sixth fund

Aurora Capital has hit the target on its sixth fund and is now eyeing the cap set at $1.8 billion, a person with knowledge of the firm said.

Aurora Capital Fund VI will likely hold another close at the end of the first quarter, the person said. The fund launched into the market in early 2019.

Park Hill Group is working as placement agent on the fundraising.

Aurora invests in middle-market companies in industrial services and distribution, specialty manufacturing and software and tech-enabled services. Aurora is led by John Mapes, Josh Klinefelter, Michael Marino and Mark Rosenbaum.

Aurora closed its fifth fund on $1.2 billion in 2017. The firm closed Fund IV on $535 million in 2011.

The firm was formed by Gerald Parsky, former assistant secretary of the treasury in the administration of President Gerald Ford. Parsky, who holds the title of senior adviser and chairman, is no longer involved in day-to-day management of the firm, sources said.

Last year, Aurora acquired Cold Chain Technologies, which provides thermal packaging services primarily for the life sciences supply chain.

Action Item: Check out Aurora’s Form ADV here: https://bit.ly/2RmxE3L