Paceline Equity Partners Closes Fund II with $780 Million in Commitments

Paceline Equity Partners, LLC  a Dallas-based private equity manager, has successfully closed Paceline Equity Partners Opportunity Fund II (“Fund II”) with total commitments of $780 million, surpassing the Fund’s $500 million target by 125%.

This brings the total equity commitments raised by Paceline between Funds I and II, and affiliated co-investment vehicles to nearly $1.5 billion. The investor base for Fund II includes leading global institutions such as public pension plans, sovereign wealth funds, endowments and foundations, insurance companies and family offices, with nearly 50% of the commitments coming from new investors.

Fund II focuses on an opportunistic, value-oriented, and special situations investment strategy across asset classes in North America, having completed five investments to date.  Since its inception, Paceline has deployed over $1.9 billion in total transaction value through 21 acquisitions. Read the full press release here.