Dyal Capital Closes Third Fund with $5.3 Billion

February 22, 2017

On February 14, 2017, Dyal Capital Partners, a division of Neuberger Berman Group, announced that it had closed its third fund, Dyal Capital Partners III (PE), with approximately $5.3 billion of committed capital.

During the marketing period, Dyal Capital Partners (“Dyal”) increased the target fund size by over $2.0 billion.

Dyal Capital Partners III (PE) (the “Fund”) will ultimately seek to make investments into 10-12 private equity firms diversified by asset class, strategy, and geography. To date, the Fund has made investments in six firms: Vista Equity Partners, EnCap Investments, Silver Lake Technology Management, H.I.G. Capital, Starwood Capital Group, and KPS Capital Partners. The Fund has committed over 50% of its capital following the completion of these six transactions. The Fund is backed by a global investor base that includes sovereign wealth funds, public and corporate pension plans, endowments, foundations and family offices.

Dyal was established in 2011 and currently has 20 minority partnerships.

To read the press release: please click here.


Categories

Investment Manager Financings, Private Equity Financings, Transactions