Sterling Investment Partners wraps up fourth fund at $934m

Eaton Partners was placement agent to SIP IV.

  • Simpson Thacher & Bartlett, LLP was counsel to the fund
  • Based in Westport, Connecticut, Sterling invests in middle-market companies
  • Sterling focuses on value-added distribution and business services

Sterling Investment Partners has closed its fourth fund at $934 million, beating its target of $900 million.

Since its inception over 30 years ago, Sterling has overseen the investment of over $2.6 billion of equity across 39 platform investments and 130 add-on acquisitions and numerous greenfield expansions.

“SIP IV continues Sterling’s strategy of partnering with dynamic middle market distribution and business services companies with the objective of building industry-leading platforms,” said James Soldano, a partner at Sterling, said in a statement.

Simpson Thacher & Bartlett, LLP was counsel to SIP IV. Eaton Partners was placement agent.

Based in Westport, Connecticut, Sterling invests in middle-market companies. Sterling focuses on value-added distribution and business services.