26North Raises $5.9 Billion for Inaugural Private Equity Fund, Surpassing $4 Billion Target

NEW YORK--(BUSINESS WIRE)--26North Partners LP (“26North”) today announced the final close of its debut private equity fund with approximately $5.9 billion in capital commitments, surpassing its target of $4 billion.

The fund received commitments from a high-quality, diverse and global investor base, including pension plans, sovereign wealth funds, endowments, foundations, insurance companies and family offices. The breadth and caliber of those partners reflect continued conviction in 26North’s differentiated strategy and platform.

"We are grateful for the trust investors have placed in us, our investment discipline and relentless focus on generating superior risk-adjusted returns,” said 26North Founder Josh Harris. “We must continue to earn that confidence every day by intelligently deploying capital, adding value to our portfolio companies and continuing to deliver consistent long-term results.”

Since its founding in 2022, 26North has built an integrated platform with over $35 billion in assets under management that brings flexible capital and distinct capabilities to the middle market across private equity, private credit and insurance.

The private equity fund’s close comes at a time when high-quality, middle- and upper-middle market companies increasingly need partners focused on growing their businesses. In that same environment, complexity creates attractive entry points for disciplined investors. With capital at work and ample dry powder remaining, 26North is well-positioned.

“The middle market is large, under-resourced and typically overlooked by firms that prioritize scale," said 26North Senior Partner and Head of Private Equity Mark Weinberg. "We have built an investor-first firm focused on disciplined underwriting, creativity and hands-on operational involvement, which are the foundation of every 26North investment.”

The fund has announced or completed seven equity investments to date, spanning traditional buyouts, carve-outs and structured equity across industrials, technology, media and telecommunications, and services: ArchKey Solutions, a national electrical and specialty systems contractor; AVI-SPL, a global audiovisual systems integrator; Bruin Capital, a middle-market sports investing platform; Composition Brands, a manufacturer of premium kitchen appliances anchored by heritage brands including Viking and La Cornue; Intermedia Intelligent Communications, a leading provider of AI-powered cloud communications services; NEP Group, a global provider of outsourced broadcast and production solutions; and Onelife Fitness, a regional fitness platform.

Driving results across each of these investments is 26North's Alpha Creation Team ("ACT"), led by Senior Partner Jon Garcia. ACT is embedded throughout the full investment lifecycle, from underwriting through exit, working alongside management to stress-test investment theses and realize value-creation opportunities.

"The investor relationships we have built reflect the firm's founding purpose: putting our partners first and generating alpha," said 26North Senior Partner Evan Zemsky. "That is an obligation we are committed to delivering on."

About 26North Partners LP

26North Partners LP is an integrated, multi-asset-class investment platform founded by Josh Harris in 2022. The firm manages over $35 billion across private equity, private credit, insurance and reinsurance strategies, bringing flexible capital solutions and distinct capabilities to the middle market.

26North Private Equity deploys capital across buyouts, carve-outs and structured equity. 26North Private Credit primarily invests in direct lending, private asset-backed finance and commercial real estate lending.

The firm’s insurance business serves clients with disciplined asset-liability management and access to proprietary, privately originated assets.

The 26North team brings decades of experience managing third-party capital to help clients achieve their financial goals while making a lasting impact on the communities in which they operate.

For more information, visit www.26n.com.