The Sterling Group Raises $3.5 Billion in Sixth Private Equity Fund

The Sterling Group, a Houston, TX-based operationally focused, industrial middle market private equity firm, raised its $3.5 Billion for its sixth private equity fund.

LPs include returning and new investors from United States, Europe, the Middle East and Asia.

Fund VI will primarily target corporate carve-outs and family businesses in the industrial sector.  The firm emphasizes its operational approach in partnership with management teams to grow and improve its portfolio companies.

The firm’s partner group, including Greg Elliott, Brian Henry, Scott MacLaren, Brad Staller, Kent Wallace, Jim Apple, Franny Jones and Jud Morrison have a collective 100-plus years working at Sterling.

Founded in 1982, The Sterling Group is a private equity and private credit investment firm that targets investments in basic manufacturing, distribution, and industrial services companies. Typical enterprise values of these companies at initial formation range from $100M to $750M. The firm has sponsored the buyout of 71 platform companies and numerous add-on acquisitions for a total transaction value of over $24 Billion.

Sterling currently has $9.4 Billion of assets under management.