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Charlesbank Closes 10th Flagship Fund at $3.75B


Charlesbank Closes 10th Flagship Fund at $3.75B
Charlesbank Capital Partners has completed fundraising for its latest flagship private equity fund,
Charlesbank Equity Fund X LP, reaching the hard cap of $3.75 billion less than six months after launch. Concurrently, the firm closed on an $800 million companion vehicle,
Charlesbank Equity Fund X Overage Fund, which will enable Fund X to include investments requiring larger amounts of capital. Charlesbank’s previous flagship fund,
Fund IX, closed on total commitments of $3 billion in 2017.
“While the market landscape is dynamic and ever-changing, we believe the ingredients for generating strong returns remain largely the same: rigorous discipline rooted in fundamentals, a consistent team united by a deeply ingrained culture of collaboration, and an agile and forward-thinking model driven by deep pattern recognition in our target sectors,” said ....

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