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Alternative Assets  + Private Equity  | 
private equity firm America Pacific Group Closes Fund II at $700M Hard Cap

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.

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American Pacific Group

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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