Sentinel Capital Partners raised a total of $5.1 billion for two funds: $4.3 billion for middle-market buyout fund Sentinel Capital Partners VII and $835 million for lower-middle-market equity and credit fund Sentinel Junior Capital II, a news release said.
Sentinel's latest buyout fund is double the size of its predecessor, the $2.2 billion Sentinel Capital Partners VI. Sentinel Junior Capital II is 82% larger than the firm's first structured capital solutions fund, the $460 million Sentinel Junior Capital I. Both predecessor funds closed in 2018.
Investors in the new funds include the $72.7 billion Alaska Permanent Fund Corp., Juneau; $70.4 billion Pennsylvania Public School Employees' Retirement System, Harrisburg; and $9.9 billion Wyoming Retirement System, Cheyenne.