Searchlight Capital Partners Closes Third Fund
Searchlight Capital Partners has held the final close of its third fund, Searchlight Capital III, L.P. The fund closed with total committed capital of $3.4bn.
“We are truly grateful for the support of our investors,” the Founding Partners of Searchlight said. “The Firm’s capital structure flexibility, industry expertise, and geographic reach position us very well to invest in this unprecedented environment. The Fund is already 30% committed to investments in partnership with leading management teams and entrepreneurs.”
Searchlight Capital III will target investments in North America and Europe in a range of sectors including communications, media and financial and business services, amongst others.
Latham & Watkins LLP served as legal counsel to the Fund.
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