Insight

CORE Industrial Partners amasses $887m across two funds

The private equity firm raised $685 million for its third flagship fund, CORE Industrial Partners Fund III and $202 million for its new fund, CORE Industrial Services Fund I.

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  • Fund III will focus on acquiring manufacturing and industrial technology businesses
  • Industrial Services Fund I will target strong growth companies in the industrial services sector
  • Kirkland & Ellis LLP served as legal advisor for the funds while Harris Williams Private Capital Advisory was the placement agent

CORE Industrial Partners has raised $887 million across two funds. The firm raised $685 million for its third flagship fund, CORE Industrial Partners Fund III and $202 million for its new fund, CORE Industrial Services Fund I.

Fund III will focus on acquiring manufacturing and industrial technology businesses.

Industrial Services Fund I will target strong growth companies in the industrial services sector.

“We are extremely proud and humbled by the strong interest and support from both existing and new investors and are grateful for the trust they have shown in us,” said John May, managing partner of CORE in a statement. “The unwavering support for both fund strategies highlights our dedication to an industrial sector we believe is experiencing significant long-term tailwinds. We remain committed to taking advantage of these opportunities and working hard for our limited partners.”

Investors in the CORE funds include endowments, foundations, insurance companies, public and corporate pensions, global asset managers, investment advisers and family offices across North America and Europe.

Kirkland & Ellis LLP served as legal advisor for the funds while Harris Williams Private Capital Advisory was the placement agent.

With offices in Chicago, Austin and Cleveland, CORE Industrial Partners has more than $1.58 billion total limited partner commitments.