Kirkland & Ellis advised The Sterling Group, an operationally focused, industrial middle market private equity firm, on the closing of Sterling Group Partners VI, LP. Fund VI exceeded its target of $2.75 billion and was significantly oversubscribed at its hard cap of $3.5 billion. The Sterling Group’s previous fund closed in June 2020 with $2.0 billion of limited partner commitments. The majority of Fund VI’s capital was committed by returning investors, in addition to several new investors that expand the firm’s Limited Partner base in the United States, Europe, the Middle East and Asia.
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