Nautic Partners, LLC (“Nautic”), a leading middle-market private equity firm that pursues a thematic and proactive investment strategy within the Healthcare, Industrials, and Services sectors, announced it has successfully completed the final closing of Nautic Partners XI (“Fund XI”). Fund XI was oversubscribed at its hard cap of $4.5 billion of limited partner commitments, surpassing its target of $3.75 billion. Fund XI is Nautic’s largest fund to date, receiving strong support from both long-standing and notable new institutional investors across North, Central and South America, Europe, Asia and the Middle East.
“We are humbled by and incredibly grateful to all of our limited partners for their support of Nautic,” said Scott Hilinski, Managing Director at Nautic. “We believe our success and growth is due to our ability to consistently execute our investment strategy while maintaining our culture. This is made possible by our team and our executive network, but also by our relationships with our limited partners, who have made important contributions to our success throughout the years.”
“The substantial demand that Nautic received for Fund XI in this highly competitive fundraising market really speaks to the caliber of their team and to their differentiated investment strategy,” said Alex Russ, Senior Managing Director at Evercore. “We are delighted to have partnered with Nautic on their successful fundraise and congratulate the entire Nautic team on reaching this important milestone in the Firm’s history.”
Nautic will continue to be led by 12 Managing Directors with more than 170 years of combined private equity investment experience at the Firm. The limited partners of Fund XI include a globally diverse base of leading institutions, including public and private pension plans, insurers, health systems, fund of funds, family offices, financial institutions, endowments and foundations. Nautic closed its previous fund, Nautic Partners X, in 2021 with $3.0 billion of committed limited partner capital.
Evercore Private Funds Group acted as Nautic’s exclusive global placement agent, and Kirkland & Ellis LLP served as fund counsel.
