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CCMP Capital closes $3.4bn fund30/10/2007. Source: AltAssets. 
 New York-based private equity firm CCMP Capital Advisors has closed its new fund, CCMP Capital Investors II, on $3.4bn, exceeding its initial target of $3.25bn. The fund was launched in late spring 2006 and held a first closing in August 2006 on $1.8bn. .
CCMP Capital plans to continue to focus on buy-out and growth equity investment opportunities in the US, Europe and Asia.
The closing of CCMP II increases the amount of CCMP Capital's assets under management and committed capital to $10bn.
Stephen P Murray, CCMP Capital president and CEO, said, 'We believe that exciting investment opportunities have been created by current market conditions and we are well positioned to pursue and capitalize on these opportunities.'
CCMP II has already invested in three companies: Generac Power Systems, a North American manufacturer of standby power generators; Edwards, a UK-based manufacturer of highly engineered vacuum products; and Aramark, a food and support services and uniform provider for healthcare institutions, universities, schools, stadiums and arenas, and businesses.
CCMP Capital Advisors specialises in buy-outs and growth equity investments in companies ranging from $500m to over $3bn in size.
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