(Opalesque) Operationally focused middle-market private equity firm the Sterling Group has closed its fifth flagship private equity fund on a $2 billion hard cap, exceeding a predecessor that raised $1.25 billion in 2015. Founded in 1982 and based in Houston, Sterling is a middle-market firm that typically invests in manufacturing, distribution and industrial services companies with enterprise values ranging between $100 million and $750 million.
Sterling Group reels in $2bn for its fifth private equity fund
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