Pan-European investor Triton received €5 billion in capital commitments for its latest fund.
Triton Fund V LP, which closed in December 2018, attracted new and existing investors in Europe, North America and Asia. The investor group includes pension funds, insurance companies and sovereign wealth funds.
The oversubscribed fund will adopt a middle-market private equity investment strategy, with a focus on the Nordics; Germany; Austria; Switzerland; Spain; Italy; France; the U.K.; and the Benelux region, consisting of Belgium, the Netherlands and Luxembourg.
Triton targets medium-sized European companies in the industrial, business services, consumer and health markets.