Court Square said the investment will provide funds for growth and future acquisitions.
AFS was previously backed by Goldman Sachs’ Private Capital, which has exited its stake after a holding period of over two years.
During Goldman’s ownership, AFS expanded its geographical reach and completed six bolt-on deals.
The company’s other backers include ABRY partners, which provided acquisition capital in 2012.
last year AltAssets reported that Court Square had raised more than $2.5bn towards its third buyout vehicle, putting it close to its $3bn target.
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