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Nautic Partners shutters latest midmarket buyout fund at $3 billion

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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.