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Arcline closes inaugural fund at $1.5 billion

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.