KPS CAPITAL PARTNERS RAISES $9.7 BILLION
NEW YORK, Nov. 1, 2023 /PRNewswire/ -- KPS Capital Partners, LP ("KPS") announced today final closings of KPS Special Situations Fund VI ("Fund VI") and KPS Special Situations Mid-Cap Fund II ("Mid-Cap Fund II") were simultaneously held on October 25, 2023. Fund VI and Mid-Cap Fund II, with $9.7 billion in aggregate capital commitments, will continue KPS' over 25-year focus on making control investments in highly complex corporate carve-outs, turnarounds, restructurings and other special situations.
- NEW YORK, Nov. 1, 2023 /PRNewswire/ -- KPS Capital Partners, LP ("KPS") announced today final closings of KPS Special Situations Fund VI ("Fund VI") and KPS Special Situations Mid-Cap Fund II ("Mid-Cap Fund II") were simultaneously held on October 25, 2023.
- Fund VI and Mid-Cap Fund II, with $9.7 billion in aggregate capital commitments, will continue KPS' over 25-year focus on making control investments in highly complex corporate carve-outs, turnarounds, restructurings and other special situations.
- Fund VI and Mid-Cap Fund II were oversubscribed with aggregate capital commitments over 36% greater than their predecessor funds with $7.1 billion in aggregate capital commitments.
- Raquel Palmer, Co-Managing Partner and Chair of KPS' Investment Committee, added, "We have $13.6 billion of equity capital to invest across our KPS platform today.