Searchlight Capital Partners final closes Fund III at US $3.4B

CPE News (11/19/2020) – Searchlight Capital Partners, L.P. has held a final close of Searchlight Capital III, securing total committed capital of US $3.4 billion.

This is the third private equity fund the firm has raised since it was founded in 2010.
Searchlight Capital II – US $1.9 billion (2015-vintage)
SearchLight Capital – US $860 (2010-vintage)

Like its predecessor funds, Fund III will target investments in North America and Europe in a range of sectors including communications, media and financial and business services, amongst others. Fund III is already 30% committed.

Founded by Oliver Haarmann, Erol Uzumeri and Eric Zinterhofer, New York, London and Toronto based Searchlight Capital Partners is a leading global private investment firm.

photo credit: Searchlight Capital Partners

News Release

SEARCHLIGHT CAPITAL PARTNERS CLOSES THIRD FUND AT $3.4 BILLION

NOVEMBER 18, 2020

18th November, 2020: Searchlight Capital Partners, L.P. (“Searchlight” or “the Firm”), a leading global private investment firm, today announced the final close of Searchlight Capital III, L.P. (“the Fund”), with total committed capital of $3.4bn. This is the third private equity fund the firm has raised since it was founded in 2010.

“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.”

Like its predecessors, Searchlight’s latest Fund will target investments in North America and Europe, leveraging the Firm’s teams in both geographies to pursue opportunities 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.