AE Industrial Partners closed its second fund, AE Industrial Partners Fund II, at its $1.36 billion hard cap, double the size of its first fund, spokeswoman Carol Makovich said.
AE Industrial Partners Fund I closed in 2016 at $680 million, exceeding its $600 million fundraising target.
The second fund had a $1 billion fundraising target. It will make control investments in companies in the technical manufacturing, distribution and supply chain management, maintenance, repair and overhaul, and industrial service-based sectors.
Investors in the fund include the $12.8 billion New Mexico Educational Retirement board, Santa Fe, and $55.6 billion Los Angeles County Employees Retirement Association, Pasadena.
