Tuesday, March 17, 2009

Vicente Capital Partners Raises $165M Growth Equity Fund

Los Angeles-based private equity firm Vicente Capital Partners announced today that the firm has held a final close on its Growth Equity Fund, bringing the total commitment to the fund to $165M. The firm said that new capital commitments came from Credit Suisse and the State of Connecticut. Vicente Capital had announced the new funding in October with $150M in commitments. In addition to the final close, the firm also said it has made an investment in South Carolina-based MedBridge,a provider of sleep diagnostic and respiratory therapy services. Financial details of the investmen in that firm were not disclosed. LPs in Vicente Capital Partners include CalPERS, Credit Suisse, Fairview Capital, JP Morgan Asset Mgmt. & Affiliates, LACERS, LA Fire and Police Pensions, New Mexico ERB, New Mexico State Investment Council, New York Common, and the State of Connecticut and Teachers' Retirement System.

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