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CCMP Capital Advisors expects to close third fund in Q1 2014

4 Nov 2013

dollar_money_bag_170sqPrivate equity firm CCMP Capital Advisors is reportedly nearing a final close for its third fund.

CCMP Capital Investors III is expected to close on its $3.5bn target in the first quarter of 2014, said Dow Jones, citing two people with knowledge of the matter.

Last month AltAssets reported that the fund had received commitments of $1.7bn.

In July the firm confirmed that it had raised just over $1.1bn for the fund from LPs including the Canada Pension Plan Investment Board, Alberta Management Corp and Goldman Sachs.

Early in 2012 CCMP president and CEO Stephen Murray said at the Wharton Private Equity Conference that the fund was close to hitting its $3.5bn target.

CCMP is focused on buyouts and growth equity investments of between $100m and $500m.

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