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Simpson Thacher Guides Platinum Equity's $1.5B Fund

Law360 (July 13, 2018, 1:37 PM EDT) -- Simpson Thacher & Bartlett LLP guided private equity firm Platinum Equity LLC's closing of its inaugural fund with $1.5 billion committed, which will be focused on investing in the lower middle market, the company said on Friday.

Platinum Equity said that the fund, Platinum Equity Small Cap Fund LP, was oversubscribed and will focus on the lower middle market as a way to compliment the firm's $6.5 billion Platinum Equity Capital Partners IV, which targets larger transactions. The small-cap fund will target the same type of...
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