“We are incredibly pleased with the support we have received from an outstanding group of limited partners during an extremely challenging period for investors. “We are delighted to finalize another successful fundraise with strong endorsements of our strategy from existing investors and select new global limited partners,” said David Lobel, a co-founder and managing partner of Sentinel.
Sentinel’s junior capital fund makes both credit and equity investments including senior and junior debt, preferred equity, and other forms of structured capital. Sectors of interest include aerospace and defense, business services, consumer, distribution, food and restaurants, franchising, healthcare, and industrials. Like its earlier funds, Sentinel VII will invest in management buyouts, recapitalizations, corporate divestitures, and going-private transactions of mid-market companies with up to $65 million of EBITDA. Limited partners in the two new funds include college and university endowments, foundations, state and government retirement systems, corporate pension plans, insurance companies, sovereign wealth funds, investment advisors, and Taft-Hartley plans based in the United States, Europe, Japan, China, Australia, and the Middle East. Sentinel Capital Partners has held the simultaneous final closings of Sentinel Capital Partners VII LP (Sentinel VII) at $4.3 billion and Sentinel Junior Capital II LP at $835 million giving the firm a total of $5.2 billion of new capital.
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