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CCMP Capital Advisors raises $2.3bn for latest fund

20 Mar 2014

dollar large_sqPrivate equity-backed CCMP Capital Advisors has reportedly secured $2.3bn for its second independent fund.

CCMP, which was launched by members of JP Morgan Chase, expects to hold a final close in the second quarter, said Dow Jones.

CCMP Capital Investors III is targeting $3.5bn with a hard cap of $4bn, according to the report.

Last month AltAssets reported that the fund received a $75m commitment from New Hampshire’s $7bn retirement system.

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.

CCMP makes buyouts and growth equity investments of between $100m and $500m.

In January this year the firm bought Canadian manufacturer and distributor of vitamins and supplements Jamieson Laboratories.

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