Sidley Helps Ill. PE Shop Zoom To $275M Fund Close

Law360, New York (April 11, 2012, 7:17 PM EDT) -- Industrial Opportunity Partners LLC, a private equity firm focused on automotive suppliers and other manufacturing companies, has closed its second fund at $275 million, powering its way past a $250 million target in just three months, the firm said Wednesday.

The fund, Industrial Opportunity Partners II LP, held an interim close in February on just $110 million, according to public filings, but a last-minute burst of investor enthusiasm pushed the fund into oversubscription.

Limited partners — all in to the tune of at least $5 million...
To view the full article, register now.