Paceline Equity closes $350m debut fund, $99m of co-investment capital

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Dallas-based Paceline Equity Partners has hauled in $350m for the final close of its debut fundraise.

The firm said it had also raised a committed co-investment partnership with an unnamed investor, which alongside other third-party co-investment capital brings its total raised to date to $449m.

Paceline incorporated Opportunity I in 2018, and filed with the SEC last year to raise capital from LPs. Park Hill Group acted as a placement agent for the fundraise, the documents show.

Firm CEO Sam Loughlin said, “It is the trust and confidence of our investor base that allows Paceline to navigate this highly complex investment environment with conviction and agility. We are grateful for the opportunity to source and manage investments on behalf of our limited partners, and I firmly believe that our team’s collective experience has enabled us to do so in a way that differentiates us from other managers.”

Paceline, which was founded in 2018, says it is dedicated to value-oriented, opportunistic, and special situations investments across corporate credit, real assets, and private equity.

It has carried out five acquisitions totalling approximately $300m of transaction value including picking up railroad maintenance equipment leasing business RELAM last year.

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