Balance Point Capital raises $380m

The mid-market-focused investment firm has completed the fundraising process of its fifth vehicle.

Balance Point Capital has raised $380 million for its fifth investment vehicle, Balance Point Capital Partners III (BPCP III).

Backed by existing and new investors, BPCP III exceeded the $300 million fundraising target and it will continue to target opportunities in the global lower middle market.

BPCP III will focus on originating, underwriting and managing customized private debt and equity investments across the capital structure, including first and second lien debt, uni-tranche debt, subordinated debt and equity.

Lazard acted as the placement agent of this fundraising.