Sentinel Capital Partners closed its fifth fund, the $1.3 billion Sentinel Capital Partners V LP, after four months of fundraising, according to a source familiar with the situation.
The fund was over its $1.1 billion target, hitting its $1.3 billion hard cap, the source said. The firm will continue to invest in companies with up to $35 million in earnings before interest, taxes, depreciation and amortization.
Investors in the latest fund include the $1.1 billion El Paso (Texas) Firemen & Policemen Pension Fund.
