Conn. PE Firm Eldridge Closes $1.4B In Funding

By Darcy Reddan (April 15, 2019, 3:59 PM EDT) -- Private equity firm Eldridge Industries said Monday it landed $1.4 billion in funding from a partnership made up of high-net worth individuals that will be used to capitalize on its existing investments.

Connecticut-based Eldridge Industries LLC said it received the investment from a partnership owned substantially by its co-founder, CEO and controlling member Todd Boehly, and Swiss businessman and philanthropist Hansjörg Wyss. Eldridge said this is the second investment the partnership has made in the firm to date.

"The new capital raised is a testament to our company's positive trajectory, strengthens our balance sheet, and positions us to further invest in...

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