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- Truelink Capital Management Announces $875M Close of First Fund
Truelink Capital Management Announces $875M Close of First Fund
Slice of Finance Team
15 Jul
Key Highlights:
Truelink Capital I, L.P. closes with $875 million in commitments.
Surpasses $600 million target and $750 million hard cap.
Fund backed by diverse global investors: pension plans, foundations, insurance companies, and more.
Operationally-intensive strategy focused on Technology-Enabled Services and Industrials sectors.
Four platform investments completed, fifth agreement signed.
Source (PR Newswire)
Notable Quote:
"This is an exciting milestone for Truelink, and we are thrilled with the support of our limited partners. The strong LP demand, we believe, is a testament to our team and the strategy, demonstrating deep sector experience and value-orientation with a well-established process of driving operational improvements and executing strategic M&A. We wish to thank our world-class limited partners for their commitments and trust in us."
Our Take:
Truelink Capital Management's successful closing of its first fund at $875 million is a significant achievement, highlighting the firm’s strong reputation and the confidence global investors have in their strategic approach. The substantial oversubscription indicates robust demand and trust in Truelink’s operationally-intensive strategy, especially within the Technology-Enabled Services and Industrials sectors. The fund's completion of four platform investments, with a fifth in agreement, showcases their proactive and effective investment strategy, positioning them for continued growth and value creation in the middle market private equity space.