Gores Group Launches $300M Fund For Small-Cap Buys

Law360, New York (March 7, 2012, 5:32 PM EST) -- Los Angeles private equity firm The Gores Group LLC closed Wednesday on a $300 million investment fund that will target lower- to middle-market companies, a complement to the $2 billion power fund the firm closed last year.

Gores Small Capitalization Partners LP, the firm's fourth private equity fund, will pursue companies that fall below the target for Gores' current flagship fund, Gores Capital Partners III LP, according to a statement the firm issued Wednesday.

Capital Partners III will co-invest $100 million alongside the new fund, which...
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