SK Capital Closes Fund VI; Exceeds Target at $2.95 Billion
New York, NY (April 4, 2024) – SK Capital Partners, LP (“SK Capital” or the “Firm”) today announced the final closing of SK Capital Partners VI (“Fund VI”) at $2.95 billion. The fund is the latest vintage of the Firm’s Flagship private investment strategy.
“We are grateful for the support of our investors as the Firm continues its longstanding mission of building exceptional companies and delivering attractive results,” said Barry Siadat, SK Capital’s Co-Founder and Managing Director. “SK Capital has one of the largest and longest-standing teams dedicated to the sectors in which we invest. Together with SKCP Catalyst Fund II, which raised $800 million of total commitments in 2023, the Firm is well-capitalized and well-positioned to continue providing capital solutions to entrepreneurs, families and corporates across all transaction sizes through our unique style of transformative control investing.”
Since SK Capital was founded in 2007, the Firm has focused exclusively on transformative investments in the specialty materials, ingredients, and life sciences industries. With deep operating and investing experience in these sectors, the SK Capital team of more than 70 professionals works closely with management teams to transform portfolio companies towards realizing their full potential.
“SK Capital is honored to be partnering with such a diverse set of respected and experienced private equity investors,” added SK Capital Managing Director Ben Dillon, who leads the Firm’s investor relations, fundraising and co-investment initiatives. “This fundraise exceeded our target while also achieving other fundraising objectives including deepening our relationships with many long-standing partners while also diversifying our investor base globally.”
Kirkland & Ellis LLP served as legal advisor, and UBS served as placement advisor.
About SK Capital Partners
SK Capital is a private investment firm with a disciplined focus on the specialty materials, ingredients, and life sciences sectors. The Firm seeks to build resilient, sustainable, and growing businesses that create substantial long-term value. SK Capital aims to utilize its industry, operating, and investment experience to identify opportunities to transform businesses into higher performing organizations with improved strategic positioning, growth, and profitability, as well as lower operating risk. SK Capital’s portfolio of businesses generates revenues of approximately $14 billion annually, employs more than 25,000 people globally, and operates more than 200 plants in over 30 countries. The Firm currently has approximately $9 billion in assets under management. For more information, please visit www.skcapitalpartners.com.