Kirkland Directs PE Firm Fort Point's $194M Fund Closing
By Sierra Jackson (January 20, 2021, 7:46 PM EST) -- Private equity firm Fort Point Capital, working with Kirkland & Ellis LLP, said Wednesday it nabbed $194 million for its latest fund focusing on lower middle market companies.
The Boston-based firm said in a news release that FPC Small Cap Fund II exceeded its $175 million target. Since its 2010 launch, the firm has secured nearly $300 million in equity commitments across its funds.
"We look forward to investing our new capital base in compelling risk-reward opportunities," Fort Point co-founder and partner Brooke Ablon said in a statement. "We will continue our disciplined and systematic approach of investing in attractive subsectors...
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