Black Bay Closes Third Fund At $425 Million

Private equity firm, Black Bay Partners, has announced the final closing of its third fund Black Bay III, at the hard cap of $425 million in capital commitments. 

Black Bay specializes in strategic investments within the energy, chemical and industrial sectors. The fund received "strong support" from its existing limited partners, as well as new institutional investors, the private equity firm said in a press release. 

"Reaching our hard cap of $425 million ...