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Alternative Assets  + Private Equity  | 
PE Firm Sterling Investment Partners Closes Fourth Fund at $934M

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.

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Sterling Investment Partners

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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