Private equity firm Sentinal Capital Partners completed its fifth fund, Sentinel Capital Partners V L.P., with the raising of US$1.3 billion. The company shared that investors for the fifth fund included insitutions from Europe, Australia, China, Japan and the United States as well as corporate pension plans, insurance companies, college and university endowments and Taft Hartley plans.
Sentinel Capital Partners built its reputation on partnerships formed with entrepreneurial executives to buy and develop lower middle market businesses in Canada and the U.S. The private equity firm concentrates on eight industry sectors, specifically, healthcare, aerospace/defense, food/restaurants, industrials, consumer, business services and distribution.
"Over the course of four funds, Sentinel has developed a consistent and reliable way of doing business that has proven appealing to corporate sellers, small business owners, institutional sellers, and management teams," commented Sentinel co-founder John F. McCormack. "In a good number of businesses we have invested in, our ability and willingness to tackle financial and business complexity and relationship-intensive situations has worked well for us."
Sentinel's previous fund, Sentinel Capital Partners IV L.P., raised around US$765 million from investments.
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