Firm: Sterling Partners
Fund: Sterling Capital Partners IV LP
Target: $1.2 billion
Amount Raised:Placement Agent: Somerset Capital (in talks)
With offices in Baltimore, Miami and Northbrook, Ill., Sterling focuses on education, healthcare, technology, direct marketing, business services and specialty manufacturing & distribution. The firm typically invests from as little as $5 million to more than $150 million in equity per deal, according to the firm’s Web site.
The firm’s last fund,
The current fund,
Somerset Capital acted as placement agent for Sterling’s third fund. However, it’s unclear whether the firm will return as placement agent for the fourth fund.
“The mandate is being discussed,” one person said.
In January, Sterling, along with the
Officials for Sterling Capital did not return calls for comment