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Marlin closes $300m special situations fund30/11/2007. Source: AltAssets. 
 Los Angeles-based private equity firm Marlin Equity Partners has held a first and final closing on its second fund, Marlin Equity II, on $300m, exceeding its initial target of $250m. The fund was launched in September of this year.
Investors in the fund include endowments and foundations, public and private sector pension funds, family offices, financial institutions and insurance companies.
Marlin Equity II will seek to make control investments in businesses undergoing varying degrees of operational, financial or market-driven change. Marlin targets special situations across a variety of industries, with a particular focus on technology, consumer and healthcare businesses.
David McGovern, managing partner of Marlin, said, 'I am extremely grateful for the strong support we received from such a prominent group of returning and new institutional limited partners. We are very excited about our team and strategy, and look forward to continuing to achieve above market returns for our investors.'
Marlin was founded in August 2005, the year in which it raised its first fund, Marlin Equity.
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