TowerBrook Capital Partners L.P. (“TowerBrook”), the international investment management firm, today announced the first and final close of its private equity fund, TowerBrook V, and of its structured investment platform, TowerBrook Structured Opportunities II (“TSO II”), raising an aggregate total of $5.3 billion. Both funds closed at the hard cap, exceeding their initial targets, with $4.25 billion raised for TowerBrook V and $1.05 billion for TSO II. The successful final close comes less than 5 months after both fundraisings were launched in January 2018.
TowerBrook received strong backing from both existing and new investors, including public pension funds, sovereign wealth funds, financial institutions, endowments and family offices across the US, Europe and Asia.
Like its predecessor funds, TowerBrook V will focus on proprietary, control-oriented investments, partnering with outstanding management teams to create value for stakeholders. TSO II is the successor to TSO I, established in October 2015 to invest in the many attractive not-for-control opportunities generated by TowerBrook’s activity.
Commenting on the fundraise, Ramez Sousou, Co-CEO of TowerBrook, said: “We are delighted to have received such strong investor support and are proud of what it signals about our firm. The success of the fundraise is a direct reflection of our investors’ confidence in TowerBrook’s distinctive investment strategy and its disciplined deployment over the past 18 years.”
Neal Moszkowski, Co-CEO of TowerBrook, said “The closing of our two new funds is a major milestone for TowerBrook. We look forward to bringing the diverse capabilities, the energy and the commitment of our growing team to TowerBrook V, TSO II and the many opportunities ahead of us.”
An article about TowerBrook and the fundraise appeared in PEI magazine, which is viewable here.