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Paceline Equity Partners Closes Oversubscribed Second Fund at $780 Million Hard Cap

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Significantly Exceeds the $500 Million Fund Target with Strong Demand from Both New and Existing Institutional Investors

Fund Seeks to Execute Opportunistic Investment Strategy Across Variety of Asset Classes and Market Conditions

DALLAS, May 21, 2024-- Paceline Equity Partners, LLC (“Paceline”), a Dallas-based private equity manager, today announced the final closing of Paceline Equity Partners Opportunity Fund II (“Fund II” or the “Fund”), with total commitments of $780 million, significantly exceeding the Fund’s $500 million target and representing a 125% increase over the size of its predecessor fund. To date, Paceline has raised nearly $1.5 billion in equity commitments between Funds I and II, and affiliated co-investment vehicles.

The Fund’s investor base is comprised of leading global institutions, including public pension plans, sovereign wealth funds, endowments and foundations, insurance companies and family offices. Nearly 50% of the Fund’s commitments came from new investors, reflecting Paceline’s increased visibility within the broader allocator community.

Fund II builds on Paceline’s track record executing an opportunistic, value-oriented, and special situations investment strategy across asset classes, including corporate debt, private equity, and real asset opportunities in North America. To date, Fund II has completed five investments across these disciplines.

Sam Loughlin, Paceline’s Chief Executive Officer, said, “Institutional investors are looking for managers with strong track records who can provide certainty of execution amid choppy investment environments. The successful closing of our second fund, well in excess of our target in a highly challenging fundraising environment, is a true testament to Paceline’s experienced investment team and our differentiated investment approach. We are grateful for the confidence and support from both new and existing investors as we continue to identify and execute on a strong pipeline of opportunities in a market environment which is particularly well suited for our team.”

Leigh Sansone, Paceline’s Chief Investment Officer, added, “Paceline’s partners have worked together for over 15 years and built a strong platform that allows us to quickly distinguish the type of special situation indicative of a Paceline deal. These investments are value oriented, often highly complex, and require our experienced, hands-on approach to asset management, one of our strongest competitive advantages. Fund II is off to a great start with five closed investments as well as one exit, and we are excited to continue to build the portfolio.”

Since inception, Paceline has built a diversified portfolio of current investments through 21 acquisitions, including several bolt-on opportunities, and deploying over $1.9 billion in total transaction value.

Winston & Strawn LLP served as Paceline’s legal counsel.

About Paceline Equity Partners

Paceline is a Dallas-based private equity manager focused on value-oriented, opportunistic, and special situations investments across corporate credit, real assets, and private equity. Paceline’s senior leadership team members average 20 years of professional experience. Prior to the formation of Paceline, the senior leadership team worked together for approximately 10 years at a global private equity manager and its affiliates. To learn more, please visit www.pacelineequity.com.

Contact:
Nathaniel Garnick/Grace Cartwright
Gasthalter & Co.
(212) 257-4170
PacelineEquity@gasthalter.com

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