Dallas’ Paceline Hauls in $780M for Sophomore Opportunity Fund

Paceline Equity Partners’ second opportunistic investment strategy closed with $780 million in commitments, exceeding its $500 million target and more than doubling its debut fund’s $350 million raise in June 2021.

The close brings the Dallas-based private equity manager’s total to $1.5 billion since its inception in 2018, courtesy of its two flagship fundraises and affiliated co-investment vehicles.

The fund will continue to focus on opportunistic, value-oriented, and special situations investments in North America, spanning private equity, corporate debt, and real assets. Across these asset classes, the fund has made five investments and exited one.

“We are grateful for the confidence and support from both new and existing investors as we continue to identify and execute on a strong pipeline of opportunities in a market environment which is particularly well suited for our team,” said Paceline CEO Sam Loughlin.

Paceline has invested more than $1.9 billion in 21 acquisitions, including multiple bolt-on opportunities. The firm’s real assets portfolio is nearly entirely made up of hotel properties, while its corporate lending strategy focuses on loans to data and software companies, and its private equity strategy focuses on industrials.