Kirkland & Ellis LLP served as counsellors to Nautic Partners for the latest Nautic IX funding round

Nautic Partners LLC, a US-based private equity firm, has made it to the cover page for raising up to $1.5 billion, completing the final closing of Nautic IX, which is the company’s ninth private equity fund, as well as the fifth independent fund. Apparently, Nautic V is known to be the first independent fund.

Reportedly, Nautic IX – the oversubscribed fund – has been successful owing to strong commitment and support from both new and existing institutional investors. Sources with the knowledge of the development cited that the latest achievement is being observed as a significant addition to Nautic’s funds, since the company’s $900 million capital collection for Nautic Partners VIII in the year 2016. 

Allan Peterson, Managing Director of Investor Relations, Nautic Partners, was quoted saying that the company is overwhelmed by the support and confidence it has received from its limited partner investors. The latest fundraise is strongly believed to be an endorsement of the company’s historical long-term results, specialized sector expertise and robust team, along with a substantial network of industry and executive relationships, Peterson added.

According to a press release issued by Nautic Partners, the limited partner investors in Nautic Partners IX comprise a strong foundation of leading global institutions, including endowments, sovereign wealth funds, funds of funds, global public & private pension plans, insurers & financial institutions and family offices.

Nautic Partners, which is a prominent middle-market private equity firm targeting major investments in sectors including healthcare, outsourced services and industrial products, is expected to be further led by a team of veteran private equity professionals, involving seven managing directors with around 16 years of experience at Nautic. The firm is currently looking forward to maintaining its existing strategy of middle market private investment within three of its primary industry verticals, added relevant sources.