Frontenac closes $520M fund

Chicago-based private equity firm Frontenac Co. LLC closed its Frontenac XII with $520 million of limited partner commitments.

The fund was oversubscribed, exceeding its target of $425 million.

The firm focuses on lower-middle-market buyout transactions in the consumer, industrial and services industries.

M2O Private Fund Advisors LLC advised on the formation and placement of the fund and Kirkland & Ellis served as legal counsel.