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Sterling Group raises its largest fund in three months

Jul 28, 2015 - The Deal Pipeline

After fundraising for three months, The Sterling Group said Monday it has closed its fourth private equity fund with $1.25 billion of committed capital. The target was $1.1 billion, said Franny Jones, director of marketing and investor relations at Sterling, in a phone interview on Tuesday. Jones said it was a limited fundraising process, with Sterling reaching out to a handful of prospects the firm had been talking to for years.

Sterling Group Partners IV is 52% larger than its ...