Arleen Jacobius
Pensions & Investments - Platinum Equity, the private equity fund founded by Detroit Pistons owner Tom Gores, has closed its fourth private equity fund, Platinum Equity Capital Partners IV, at its $6.5 billion hard cap, said Mark Barnhill, partner who led the capital raise, in an email. The fund's target was $4.5 billion. Platinum's latest fund is 73 percent larger than its prior $3.75 billion fund, which closed in 2012. Platinum makes equity and debt investments by buying units from Fortune 500 companies; taking
Arleen Jacobius
Pensions & Investments - Platinum Equity, the private equity fund founded by Detroit Pistons owner Tom Gores, has closed its fourth private equity fund, Platinum Equity Capital Partners IV, at its $6.5 billion hard cap, said Mark Barnhill, partner who led the capital raise, in an email. The fund's target was $4.5 billion. Platinum's latest fund is 73 percent larger than its prior $3.75 billion fund, which closed in 2012. Platinum makes equity and debt investments by buying units from Fortune 500 companies; taking