Nautic Partners closed its latest middle-market private equity fund, Nautic Partners IX, at $1.5 billion, hitting its hard cap.
The fund was oversubscribed, a news release said.
Nautic Partners IX focuses on investments in the health-care, industrial products and outsourced services sectors. Nautic closed its previous fund, Nautic Partners VIII, in 2016 with $900 million of committed capital.
A Nautic spokesman declined to comment beyond what was in the release.