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US private equity firm Paladin closes third fund on $340m23/09/2008. Source: AltAssets. 
 Washington, DC-based multi stage private equity firm Paladin Capital Group has closed its third fund, Paladin III, on $340m, above its initial $300m target. The firm will continue to focus on sectors including alternative energy, biofuels and critical infrastructure protection, with an aim to support Paladin's core expertise in homeland security.
Many of the investors in Paladin III, including public pension funds, corporate and jointly-trusteed funds and high-net-worth individuals, are returning investors, the firm said.
Paladin III has already invested $67m across eight new portfolio companies: Adapx, DigitalBridge Communications, Luminus Devices, Initiate, Quantalife, Renewable Energy Products, Royalty Pharma and Unitrends.
Paladin, founded in 2001, now has over $980m under management across multiple funds, and 31 portfolio companies. It focuses on commercial and government markets, offering products, services and technologies that address homeland security needs and enhance critical infrastructure worldwide.
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