Atlantic Street Taps Morrison Cohen For $500M PE Fund

Law360 (September 4, 2019, 9:28 AM EDT) -- Connecticut-based private equity firm Atlantic Street Capital, working with legal adviser Morrison Cohen, said Wednesday it has closed its fourth fund after receiving $500 million from limited partners, with plans to target lower-middle-market companies in areas including retail, health care and business services.

The fund, billed as Atlantic Street Capital IV LP, eclipsed its original fundraising goal of $450 million before closing at its hard cap, according to a statement. Atlantic Street typically invests in lower-middle-market entrepreneur- and family-owned businesses that the firm believes are poised to enter their next stage of growth. Individual investments normally fall within the range of...

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