Firm: Marlin Equity Partners
Fund: Marlin Equity III LP
Target: $450 million
Amount Raised: $575 million (Est.)
Placement Agent: Probitas Partners
In a time of fundraising “haves” and “have-nots,”
The mid-market buyout firm, at of press time, was preparing to hold a first and final close on a sum greater than its hard cap, two sources familiar with the situation said. Probitas Partners serves as placement agent.
The firm, which sought to raise $450 million for
Marlin Equity has steadily stepped up its fund sizes, having raised $300 million for its second fund in 2006 following a $64 million fundraise for its debut vehicle a year earlier. Limited partners include DuPont Capital Management, Private Advisors LLC and The Robert Wood Johnson Foundation. This year the El Segundo, Calif.-based firm has acquired four companies in the services sectors, including software-as-a-service .
Marlin Equity joins
Marlin Equity declined to comment.