American Securities Raises $3.6B For Latest PE Fund

Law360, Chicago (June 26, 2012, 2:16 PM EDT) -- New York-based private equity firm American Securities LLC has closed its sixth investment fund after cinching $3.64 billion in capital commitments, it revealed Tuesday.

The new fund, American Securities Partners VI LP, surpassed its $3 billion fundraising target and is markedly larger than the firm's $2.33 billion fifth fund, which preceded it, American Securities said. According to the firm, some of the world's wealthiest individuals and families have invested in the new partnership, as have endowments, foundations, sovereign wealth funds and pension funds.

American Securities, which...
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