Great American Capital Partners raises $321m

The Los Angeles based firm will offer senior secured loans to mid-market companies.

Great American Capital Partners (GACP) held a final close on its second flagship fund, GACP II, at $321 million.

The fund, which was oversubscribed, will continue the Los Angeles-based firm’s strategy of providing senior secured loans to middle-market public and private companies. GACP’s debut vehicle raised $156 million in 2015.

According to the firm’s press release, GACP now manages over $700 million in capital commitments across its two funds and its separately managed accounts.