New York-based investment firm Pine Brook Partners has raised $2.2bn for its second buyout fund.
Pine Brook Capital Partners II has already invested $258m in five deals, according to PEI. The firm focuses on the energy and financial services sectors.
Last year US pension fund NYSTRS was reported to have committed $150m to the vehicle, which followed the firm’s inaugural fund, which raised $1.4bn in 2009
Pine Brook was founded by William. Spiegel, who previously led the financial services and healthcare investing activities at the Cypress Group from its inception in 1994 until 2006.
Earlier this month Pine Brook bolstered its investment team, naming Edward Donkor and Ted Maa as principals on the firm’s energy investment team, while Scott Schaen was promoted to principal on the financial services investment team.
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