Arcline Investment Management closed its inaugural fund, Arcline Capital Partners, at $1.5 billion, the private equity manager announced in a news release Tuesday.
The buyout fund invests in high-quality, middle-market businesses across numerous industries, the news release said. Arcline, led by CEO Rajeev Amara, was founded in September.
Investors include the $27.6 billion Texas Municipal Retirement System, Austin.
An Arcline spokeswoman could not be immediately reached to provide further information.
