Trilantic Capital Management closed Trilantic Capital Partners VI (North America) at its hard cap of $2.75 billion, the company said in a news release Monday.
The closing surpasses its fundraising target of $2.25 billion. The middle-market buyout fund invests in the business services, consumer and energy sectors.
The prior fund, Trilantic Capital Partners V (North America), closed at $2.2 billion, surpassing its original $2 billion fundraising target.
Investors in the new fund include the $72.7 billion Michigan Retirement Systems, Lansing; the $57.2 billion Pennsylvania Public School Employees' Retirement System, Harrisburg; and the Ann Arbor-based University of Michigan's $12.2 billion long-term endowment pool.
A spokeswoman for Trilantic Capital Management could not be immediately reached to provide further information.