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SK Capital Partners closes latest buyout fund at $2.1 billion

SK Capital Partners closed its SK Capital Partners V fund at about $2.1 billion, the private equity manager said Monday in a news release.

The buyout fund focuses on the chemical, pharmaceutical and specialty materials sectors. The prior fund, SK Capital Partners IV, closed at $1 billion in 2014.

Investors include the $111.1 billion New York State Teachers' Retirement System, Albany; the $71.2 billion Michigan State Retirement Systems, East Lansing; the $51.8 billion Illinois Teachers' Retirement System, Springfield; and the $17.3 billion Arkansas Teacher Retirement System, Little Rock.

Spokesman Zachary Tramonti could not be immediately reached to provide further information.