Arlington Capital Partners announced the closing of Arlington Capital Partners V at its hard cap of $1.7 billion.
The buyout fund targets high-growth government-related sectors, which include aerospace and defense, business services, health care, software and technology, said a news release issued Tuesday.
The release did not provide a fundraising target. The previous fund, Arlington Capital Partners IV, closed at $700 million in 2016, above its fundraising target of $575 million.
Investors in the fifth fund include the $17.3 billion Arkansas Teacher Retirement System, Little Rock, and the $722 million Health Forward Foundation, Kansas City, Mo.
Matthew L. Altman, managing partner, could not be immediately reached to provide further information.