Lower mid-market private equity firm Linx Partners has raised more than a quarter of its third fund, AltAssets has learned.
Linx Partners III has secured commitments of nearly $69m from 54 LPs, a document filed with US securities regulators showed.
The Atlanta, US-based firm started marketing the fund in April this year. It said at that time that it was seeking $200m for the vehicle and expected to hold a first close in the second quarter of 2013. Linx gave $250m as the fundraising limit in the filing.
The fund, which has no minimum investment requirement, registered its first commitment this month, according to the filing.
Linx is focused on US-based companies in the industrial manufacturing, business services and specialty distribution sectors with annual revenues of $20m to $125m.
Other similar sized funds currently in the market include New Harbor Capital’s recently launched $150m vehicle.
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