Firm: The Jordan Company LP
Fund: Resolute Fund III
Target: $3 billion
Amount Raised: $3.2 billion
Jordan’s latest fund, dubbed Resolute Fund III, exceeded its initial $3 billion target, the people said. Jordan investment professionals committed more than $200 million of their own money toward the $3.2 billion raised, the people told sister news service Reuters.
The sources asked not to be identified because the conclusion of the fundraising has not been announced. Jordan declined to comment.
The New York-based firm, which raised $3.6 billion for its second private equity fund in 2008, targets companies whose value, including debt, ranges between $100 million and $2 billion. It invests in companies across a variety of industries, including industrial products and services, healthcare, chemicals, energy and financial services.
Among Jordan’s institutional investors are public pension funds including Texas County & District Retirement System, Ohio Police & Fire Pension Fund and Public Employees Retirement Association of New Mexico.
Founded in 1982 by Jay Jordan and David Zalaznick, Jordan manages funds with original capital commitments in excess of $8 billion, according to its website.
Greg Roumeliotis is a correspondent for Reuters in New York.