Nautic Sails Through Target for Largest Fund to Date

Nautic Partners LLC, a healthcare, industrials and services-focused middle-market private equity firm closed Nautic Partners XI at its hard cap of $4.5 billion. The fund was oversubscribed and surpassed its target of $3.75 billion; it is the firm’s largest fund to date. The fund includes investors across North, Central and South America, Europe, Asia and the Middle East.

Nautic closed its previous fund, Nautic Partners X, in 2021 with $3 billion in limited partner capital.

“We believe our success and growth is due to our ability to consistently execute our investment strategy while maintaining our culture,” said Scott Hilinski, managing director at Nautic.

The Providence, RI-based firm has completed over 155 platform transactions and has managed more than $9.5 billion in assets since inception in 1986. Nautic will continue to be led by its dozen managing directors

Evercore Private Funds Group acted as Nautic’s exclusive global placement agent, and Kirkland & Ellis LLP served as fund counsel.