Nautic Partners has closed its tenth fund at a hard cap of $3 billion. Nautic Partners X’s limited partners include global public and private pension plans, endowments, fund of funds, insurers and financial institutions, health systems, sovereign wealth funds and family offices. Kirkland & Ellis LLP advised Nautic on the fund. Based in Providence, Rhode Island, the middle-market private equity firm invests in the healthcare, industrials and services sectors.
PROVIDENCE, R.I.–(BUSINESS WIRE)–Nautic Partners, LLC (“Nautic” or the “Firm”), a leading middle-market private equity firm focused on investments in the Healthcare, Industrials, and Services sectors, announced it has successfully completed the final closing of Nautic Partners X (“Nautic X”). Representing the tenth private equity fund in the Firm’s history, Nautic X closed on its hard cap of $3.0 billion of limited partner commitments with strong support from both existing and new institutional investors.
“We are privileged and fortunate to continue to have a high level of support from our limited partners, and we thank them for their efforts on an accelerated timeline during a very active market,” said Scott Hilinski, Managing Director at Nautic. “The team at Nautic continues to grow as we invest in the Firm and in our people, and we will remain focused on our consistent strategy centered around a disciplined investment approach within our industry sectors of expertise, and an emphasis on value creation in partnership with our portfolio company management teams.”
In connection with the Nautic X fundraise, the firm is pleased to announce several important additions and promotions among its investment staff. New members of the team include: Milena Tantcheva, Managing Director, Capital Markets; Carl Culicchia, Principal, Healthcare; Chris Gorman, Senior Associate, Services; and Fielding Jenks, Senior Associate, Industrials. In addition, Nautic has promoted several of its professionals in recognition of their dedicated efforts and contributions, including: Keith Farrow, Managing Director, Healthcare; Sean Wieland, Managing Director, Industrials; S. Shahan Zafar, Managing Director, Services; Joe Anderson, Vice President, Healthcare; Andrew Brewster, Vice President, Industrials; Patrick Hunt, Vice President, Healthcare; and John Marcos, Chief Financial Officer. Nautic will continue to be led by an experienced group of private equity professionals, including an investment committee whose members average more than 17 years of tenure at Nautic.
The limited partners in Nautic X include a strong base of leading institutions worldwide, including global public and private pension plans, endowments, fund of funds, insurers and financial institutions, health systems, sovereign wealth funds, and family offices. Nautic closed its previous fund, Nautic Partners IX, in 2019 with $1.5 billion of committed limited partner capital.
Kirkland & Ellis LLP advised Nautic in connection with the formation of Nautic X.
Nautic is a middle-market private equity firm that focuses on three industries: healthcare, industrials, and services. Nautic has completed over 140 platform transactions throughout its 35-plus year history. Nautic’s strategy is to partner with management teams to accelerate the growth trajectory of its portfolio companies via add-on acquisitions, targeted operating initiatives, and increased management team depth. Nautic generally makes equity investments of $50 million or more in a single investment. For more information, please visit www.nautic.com.