Nautic completes financing for eighth fund, raises $900M

NAUTIC PARTNERS LLC said it has completed fundraising for its eighth fund.
NAUTIC PARTNERS LLC said it has completed fundraising for its eighth fund.

PROVIDENCE – Middle-market private equity firm Nautic Partners LLC said it has completed fundraising for its eighth fund, closing on $900 million after raising its cap due to strong demand from new and existing investors.
Nautic Partners focuses on investments in health care, industrial products and outsourced services.
“We are excited to announce our successful closing on Nautic VIII,” Bernard Buonanno III, managing director at Nautic, said in a statement. “We believe the success of this fund raise is a strong endorsement of our ability to deliver long-term results for our investors. In Nautic VIII, we intend to continue to emphasize our expertise in our three primary sector verticals: health care, industrial products and outsourced services. We have developed deep experience within these industries over the firm’s three decades of investing, and will seek to leverage the specialized knowledge and relationship networks we have generated in order to continue to drive performance for our investors.”
Nautic, founded as part of Fleet Bank in 1986, spun out in 2000 when it raised Nautic Partners V, its first independent fund. Nautic VIII is the firm’s eighth private equity fund and fourth independent fund.

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