Center Rock closes Power Services Group continuation vehicle led by New 2ND Capital
The Cape Coral, Florida-based company provides aftermarket services and parts for steam and gas turbines in the power generation, industrial and petrochemical markets. The post Center Rock closes Power Services Group continuation vehicle led by New 2ND Capital appeared first on PE Hub .
Princeton Equity Group has successfully closed its third private equity fund, Fund III, with $1.3 billion in commitments. This achievement marks a significant expansion of the firm's size, as it more than doubled the funds raised by its predecessor. The highly oversubscribed fundraise attracted commitments from both existing and new institutional investors across the US and international markets.
Notably, the investor base expanded in Europe, with a strong presence from pension funds, endowments, foundations, sovereign wealth funds, family offices, insurance companies, and asset managers. Princeton Equity Partners III will continue the firm's strategy of investing in franchisors and multi-location businesses, providing capital along with sector expertise and operational support through its GrowthEdge platform and proprietary AI-enabled technology, FusionPoint.
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- Princeton Equity Group closes $1.3bn Fund III at hard cap privateequitywire.co.uk
