Nautic Partners closed Nautic Partners X, its latest middle-market buyout fund, at its hard cap of $3 billion, a news release said Thursday.
The previous fund, Nautic Partners IX, closed at its hard cap of $1.5 billion in 2019.
Nautic Partners focuses on the health care, industrials and services sectors, according to its website.
Investors in Nautic Partners X include the $137.9 billion New York State Teachers’ Retirement System, Albany; the $40.7 billion Texas County & District Retirement System, Austin; the $27.5 billion Wyoming State Loan and Investment Board, Cheyenne; and the $10.4 billion Rhode Island Public Employees’ Retirement System, Providence.
Scott Quigley, Nautic Partners’ principal, business development, and Jim Beakey, managing director, business development, could not be immediately reached for further information.