Insight

KPS Capital racks up $9.7bn across two funds

Fund VI raised $8 billion and Mid-Cap Fund II raised $1.7 billion.

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  • Kirkland & Ellis LLP served as legal counsel to Fund VI and Mid-Cap Fund II
  • Based in New York City, KPS targets manufacturing and industrial companies
  • The private equity firm was founded in 1991

KPS Capital Partners has raised $9.7 billion across two funds, KPS Special Situations Fund VI and KPS Special Situations Mid-Cap Fund II. Fund VI raised $8 billion and Mid-Cap Fund II raised $1.7 billion.

The funds will invest in corporate carve-outs, turnarounds, restructurings and other special situations.

On the funds, Michael Psaros and David Shapiro, co-founders and managing partners of KPS, said in a statement, “We are humbled by the demand from the global investment community for Fund VI and Mid-Cap Fund II. We thank so many of the world’s leading institutional investors for their trust and support of our firm.”

Mid-Cap Fund II will focus on investments in the lower end of the middle market that generally require less than approximately $200 million of initial equity capital.

Kirkland & Ellis LLP served as legal counsel to Fund VI and Mid-Cap Fund II.

Based in New York City, KPS targets manufacturing and industrial companies. The firm was founded in 1991.