NEW YORK—Arsenal Capital Partners has successfully completed fundraising for Arsenal Capital Fund IV LP at its $1.3 billion hard cap.
A leading New York-based private equity firm that invests in lower middle market specialty industrial and health care companies in the rubber sector, Arsenal's previous fund, Arsenal Capital Partners III LP, was raised in 2012 with $875 million of committed capital. Since its inception in 2000, Arsenal has raised institutional equity investment funds totaling more than $2.9 billion.
Over 85 percent of existing institutional investors re-upped in Fund IV. The fund's investor base is international in scope, Arsenal said, with approximately 60 percent of the institutional capital coming from the U.S. and the balance from Europe and Asia.
The investor base represents leading endowments and foundations, public and corporate pension plans, financial institutions and family offices, the company said.
“We are delighted to have received the support of such a terrific group of leading global institutional investors,” said Terrence Mullen, co-founder and partner at Arsenal. “We are thankful for the wonderful long standing commitment of our existing investors and for the trust new investors placed in our team and investment strategy.”
Jeffrey Kovach, another co-founder and partner, said the company's “uncommon balance of investment, industry and operating talent, working in unison, enables us to be a partner of choice with management teams seeking to achieve differentiated strategic positioning with enhanced capabilities in growth, technology and operations.”