NewsHK
Private equity fundraising at the mid-market level has remained active even as elevated borrowing costs have compressed deal activity in larger transactions.
Against that backdrop, Citation Capital, a Dallas-based firm specializing in founder- and family-led business investments, closed Citation Fund I at $1.2 billion in total commitments, with the vehicle oversubscribed at final close.
The inaugural fund entered the market as a seeded portfolio, having made four mid-market investments since its launch.
A seeded close with four investments on the books Citation Fund I launched as a seeded portfolio, meaning limited partners gained immediate exposure to an active deal base at the moment of commitment.
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