Private investment company Angeles Equity Partners LLC raised $360 million in capital commitments for Angeles Equity Partners I LP and its parallel funds.
The capital commitments exceeded the company's target of $300 million. Institutional investors that participated in the fundraising include public and private pension plans, endowments, foundations, a sovereign wealth fund and alternative asset managers in North America, Europe and the Middle East.
Angeles Equity Partners I will focus on North American-based industrial companies.
Moelis & Co. LLC and GCA Advisors LLC served as placement agents, and Munger Tolles & Olson LLP provided legal counsel.