Marlin Management Co. closed its fourth private equity fund at $1.6 billion, reaching its hard cap and surpassing its $1 billion fundraising target in four months, according to an e-mail from Peter Spasov, a partner at Marlin.
Marlin Equity IV's capital commitments account for more than half of the 8-year-old firm's total $2.6 billion in capital under management. The new fund will focus on industries including technology, business services, health care, consumer and manufacturing.
Fund investors include the $42.5 billion Los Angeles County Employees' Retirement Association, Pasadena, and $20.7 billion Texas County & District Retirement System, Austin.
