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US Charlesbank Capital Partners closes its sixth buy-out fund at $900m

9 Jun 2005

Charlesbank Capital Partners has held a final closing on $900m for Charlesbank Equity Fund VI, which began marketing in February and was heavily oversubscribed, according to the firm.

Michael R Eisenson, managing director at Charlesbank, said, ‘We are delighted that nearly all of our previous investors chose to continue with us, and are pleased to welcome several very distinguished new investors to Fund VI.’

‘We limited capital commitments to $900m in order to strike the proper balance between maintaining the strategy and focus that have worked so well for us over the years and taking appropriate advantage of our deepening investment team,’ Eisenson added.

Charlesbank’s previous fund, closed in 2001 on nearly $600m. It was the firm’s first to include investors in addition to Harvard University.

Charlesbank has $1.5bn of capital under management and offices in Boston and New York.

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