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Thompson Street Capital Partners closes fifth fund at $1.15 billion hard cap

Thompson Street Capital Partners closed its fifth fund at $1.15 billion, spokesman Zachary W. Tramonti said.

Thompson Street Capital Partners V, a middle-market buyout fund, reached its hard cap and exceeded its original $850 million target. The prior fund, Thompson Street Capital Partners IV, closed at $640 million in 2015.

Investors in the current fund include the $71.6 billion Massachusetts Pension Reserves Investment Management Board, Boston, and the $2.5 billion Oklahoma Police Pension & Retirement System, Oklahoma City.