Sentinel Capital Partners Closes Two New Funds, Raises $5.2B in Capital
Sentinel Capital Partners, a private-equity firm focused on middle-market companies, has closed its buyout fund Sentinel Capital Partners VII at $4.3 billion and the lower-middle-market equity and credit fund Sentinel Junior Capital II at $835 million, capping a $5.2 billion fundraise.
Sentinel’s seventh equity fund will focus on acquiring companies with up to $65mn of EBITDA, while Sentinel’s second structured capital fund will offer credit and equity services, including senior and junior debt, preferred equity and other forms of structured capital to the firm’s portfolio companies as well as other businesses and private equity-backed companies.
“We are delighted to finalize another successful fundraise with strong endorsements of our strategy from existing investors and select new global LPs,” said David S. Lobel, founder and Managing Partner of Sentinel.
Sentinel’s latest buyout fund is double the size of its predecessor, the $2.2 billion Sentinel Capital Partners VI. Sentinel Junior Capital II is 82% larger than the firm’s first structured capital solutions fund, the $460 million Sentinel Junior Capital I. Both predecessor funds closed in 2018.
Kirkland & Ellis LLP and Credit Suisse Securities LLC supported and represented Sentinel with the funds.