EnCap Flatrock Midstream has closed its third fund on $3 billion, beating its $2.25 billion target. EnCap Flatrock Midstream Fund III reached its hard cap in four months. Fund III will focus on independent, startup midstream companies led by experienced managers.
Parallax Capital Partners has raised more than $115 million in the final close of its first fund. Atlantic-Pacific Capital served as placement agent. The fund focuses on lower mid-market software and related technology companies.
Post Capital Partners has raised $52 million in the first close of its second fund to invest in small and lower mid-market companies. The target is $100 million.
Cincinnati-based River Cities Capital Funds has raised $200 million in the final close of its fifth growth equity fund. The target was $150 million.
The Riverside Company has closed its second Asia-Pacific fund closed at $235 million. This is a 57 percent increase over the $150 million target for Riverside Asia-Pacific Fund II. The seeks to make control buyouts of companies with less than $15 million in EBITDA in the developed economies of the Asia-Pacific region.
The Russia-China Investment Fund (RCIF) has joined forces with Vcanland, a developer of tourism infrastructure and senior living communities in China. Together, they will launch a joint investment fund targeting $800 million (RMB 5 billion) with a focus on the tourism and senior living infrastructure in China and Russia.