DJIA52475.10 97.53
S&P 5007743.98 21.38
NASDAQ26549.85 72.04
Russell 20002830.51 11.64
German DAX25697.45 90.80
FTSE 10010694.50 7.96
CAC 407886.96 -0.18
EuroStoxx 506166.55 1.90
Nikkei 22563954.19 685.82
Hang Seng23094.83 53.51
Shanghai Comp3681.47 33.17
KOSPI6012.44 374.10
Bloomberg Comm IDX142.38 0.47
WTI Crude-fut114.19 0.24
Brent Crude-fut102.82 2.97
Natural Gas3.46 -0.04
Gasoline-fut3.11 0.05
Gold-fut4064.50 -12.50
Silver-fut53.88 -0.67
Platinum-fut1542.20 -4.40
Palladium-fut1014.00 -22.00
Copper-fut6.68 0.02
Aluminum-spot2995.00 -200.00
Coffee-fut286.35 -7.90
Soybeans-fut1237.00 -6.25
Wheat-fut599.50 -11.50
Bitcoin81158.80 255.17
Ethereum USD2355.99 4.70
Litecoin59.33 2.46
Dogecoin0.08 0.00
EUR/USD1.1135 -0.0006
USD/JPY158.29 0.56
GBP/USD1.3302 -0.0021
USD/CHF0.8304 0.0016
USD IDX102.16 -0.19
US 10-Yr TR4.994 -0.051
GER 10-Yr TR3.3621 -0.02
UK 10-Yr TR5.3511 0.0152
JAP 10-Yr TR2.835 0.01
Fed Funds4 0
SOFR3.95 0.02
Connect News Money news for every market and every facet, every day.
Connect Money Events Live and virtual events bringing together the best of information and networking.
Financial Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Awards View the A-list of money & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for clear, concise news of maximum importance to the financial services industry.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Topics

Alternative Assets  + Private Equity  |  January 23, 2023
PE Firm Sterling Investment Partners Closes Fourth Fund at $934M
Joe Palmisano
By: Joe Palmisano

PE Firm Sterling Investment Partners Closes Fourth Fund at $934M

Westport, Conn.-based Sterling Investment Partners closed its fourth fund – Sterling Investment Partners IV (SIP IV) -, raising $934 million. The fresh funding exceeded the firm’s $900 million target and included a significant commitment from Sterling partners.

The middle-market private equity firm invests in distribution and business services.

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

To date, Sterling has led the investment of approximately $568 million of equity, including $250 million from SIP IV, into three SIP IV portfolio companies: Anser Advisory, Camp Facility Services and Kendall Vegetation Services & Xylem Tree Experts.

“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, partner.

Simpson Thacher & Bartlett LLP was counsel to SIP IV. Eaton Partners acted as global placement agent.

Connect

Inside The Story

Sterling Investment Partners

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
Order Reprints