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Platinum Equity Capital Partners V raises $10B

Platinum Equity LLC held the final close of its latest flagship private equity fund with $10 billion in capital commitments at its hard cap.

The Platinum Equity Capital Partners V fund, which had an initial target of $8 billion, received commitments from more than 250 investors.

Simpson Thacher & Bartlett LLP is Platinum Equity's fund counsel and legal adviser for the fund.