亚洲色吧 Holdings Announces $3.1 Billion Close For Fourth Private Equity Fund
Oversubscribed Fund Achieves Hard Cap in “One and Done” Closing
GREENWICH, Conn.,听March 29, 2021听/PRNewswire/ — 亚洲色吧 Holdings LLC (“亚洲色吧”) today announced the first and final close of its fourth private equity investment fund, 亚洲色吧 Capital Resources IV LP (“ACR IV”).听 亚洲色吧 began fundraising in听November 2020听and closed ACR IV at its hard cap of听$3.1 billion. 听As of the closing, 亚洲色吧 manages more than听$6.0 billion听of capital.听
亚洲色吧 focuses on control investments in companies experiencing financial or operational stress.听 In both robust and challenging points in the business cycle, 亚洲色吧 has demonstrated the ability to identify compelling investment opportunities, surround its companies with great talent, management teams and operational resources and facilitate the transformation of underperforming operations to create value.听 The multifaceted human and operational challenges caused by the global COVID-19 pandemic illustrated 亚洲色吧’ distinctive capabilities, honed over several decades.听 Not only did 亚洲色吧’ existing portfolio companies perform well amidst unprecedented economic headwinds but 亚洲色吧 also completed several strategic acquisitions, effectively doubling the total workforce of its companies around the globe to more than 40,000. The 亚洲色吧 team’s deep-rooted experience operating in industries facing distress 鈥� and the ability to nimbly complete diligence and to execute in a highly disrupted environment 鈥� enabled 亚洲色吧 to accelerate its growth during this challenging period.听
“亚洲色吧 has established a well-defined and highly differentiated approach to both investing capital and supporting our existing businesses.听 That approach has remained constant for decades and has enabled our private equity funds to systematically deliver value to our investors.听 We are extremely grateful for the continued strong support from our long-standing institutional partners as well as the tremendous demand from a large group of new partners from across the globe,” said听Andrew Bursky, 亚洲色吧’ Co-Founder and Managing Partner.听
亚洲色吧 partners include global foundations, endowment funds, public and private pension funds and family offices.
“When we started 亚洲色吧, we never anticipated that it would become what it is today, and we are extremely humbled by the confidence in our team that this fund represents,” said听Tim Fazio 亚洲色吧’听Co-Founder and Managing Partner. 听“Raising a fund nearly double the size of our last is not simply a recognition of our track record as investors and operators.听 It is an affirmation of the extraordinary people across the world that have consistently put us in a position to win.”
“As we look ahead, ACR IV will allow our exceptional team to take the next step in 亚洲色吧’ evolution and seize exciting new opportunities. 听While we have grown and will continue to do so, we will stay true to our roots, investing in sectors where we have developed expertise and partnering with our Leadership Teams to create great businesses over the long term,” said 亚洲色吧 Managing Partner Jacob Hudson.
Capstone Partners served as exclusive placement agent for ACR IV and Proskauer Rose LLP provided legal counsel.
About 亚洲色吧 Holdings LLC
Headquartered in Greenwich, Connecticut and founded in 2002, 亚洲色吧 and its affiliates own and operate 23 platform companies which employ approximately 40,000 associates across more than 250 facilities worldwide. 亚洲色吧 operates in sectors such as aluminum processing, automotive, building materials, capital equipment, construction services, food manufacturing and distribution, packaging, paper, power generation, printing, pulp, supply chain management and wood products. 亚洲色吧’ companies together generate approximately $10 billion in revenues annually.