
America Pacific Group Closes Fund II at $700M Hard Cap
American Pacific Group has closed its second fund, American Pacific Group Fund II, at its hard cap of $700 million. The fund was oversubscribed.
The San Francisco-based private equity firm was launched in 2019 by former HIG Capital managing director Fraser Preston. The firm manages $1.2bn in assets that target lower-middle-market companies.
The Fund attracted commitments from institutional investors based in the United States and Europe, including endowments, foundations, a healthcare system, insurance companies, family offices, pension systems, and asset managers.
“We are grateful to our partners for their support, enthusiasm, and trust,” said Nick Wall, American Pacific Group Managing Director and Chief Operating Officer.
“We appreciate the confidence that our partners have placed in us, and we are excited to get to work for them,” added Preston.
Kirkland and Ellis LLP served as fund formation counsel.
