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Pegasus Partners IV closes on $750m05/12/2007. Source: AltAssets. 
 New York-based mid-market private equity firm Pegasus Capital Advisors has closed its fourth fund, Pegasus Partners IV, on its $750m cap. The firm said it began fundraising in autumn 2006, and held a first closing in January this year.
Commitments came from a variety of limited partners that included public and corporate pension funds (primarily from North America), endowments, funds of funds and family offices.
Pegasus investor relations and business development director, Stefanie Langer, said, 'We are extremely pleased with the increased support we received from key existing limited partners as well as new institutions that were drawn to our unique investment and operating model.'
Investments have already been made from Fund IV, including most recently an investment in New York-based security services provider T&M Protection Resources. Other investments from the fund include Hi-Tech Solutions, LED Holdings, Rontal Engineering Applications and Stone Profiles.
The current fund's predecessor, Pegasus Partners III, closed in June 2004 on $316m, while Pegasus Partners II closed in 1999 on $561m.
Pegasus provides capital to mid-market companies across a variety of industries.
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