Platinum Equity successfully closed its largest fund to date, raising $12.4 billion in capital commitments, which reflects the firm's robust investment strategy and ability to adapt during challenging market conditions.

Information on the Target

Platinum Equity, founded by Tom Gores nearly 30 years ago, has established itself as a leading investment firm with a strong track record of navigating various economic cycles, including a pandemic. With a commitment to its core principles, the firm has demonstrated resilience and adaptability in executing its strategies, enabling it to grow while maintaining its foundational focus.

In the first half of 2024, Platinum Equity Fund VI achieved remarkable success by closing with $12.4 billion in capital commitments, surpassing its $12 billion target. This fund not only marks the largest capital raise in the firm’s history, exceeding the previous record set in 2020 but also reflects the high demand from a diverse range of nearly 400 limited partners spanning 37 countries.

Industry Overview in the Target’s Specific Country

The private equity industry in the United States has shown significant growth over the years, attracting massive amounts of capital from institutional investors. Despite facing challenges, including economic fluctuations and global uncertai