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New York-based private equity firm Behrman Capital has closed a continuation vehicle of approximately $250 million for portfolio company Shurco, with Behrman Capital Fund VII investing in the asset alongside the new vehicle.
The dual-capital structure, announced Wednesday, is intended to fund what the firm describes as the next phase of Shurco's growth.
A Two-Pocket Bet on Shurco The transaction pairs a dedicated continuation vehicle with a concurrent commitment from Behrman Capital Fund VII — an arrangement that concentrates capital from two distinct pools behind a single operating company.
Continuation vehicles have become a fixture of the private equity landscape as managers seek to extend ownership of assets that have outrun a primary fund's typical investment horizon without forcing a sale.
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