Aurora Capital Raises $2.1 Billion for New Fund, Beating Target

Aurora Capital Partners gathered more than $2.1 billion of capital commitments for its latest private equity fund, exceeding its target.

The Los Angeles-based firm with $6 billion of assets said it drew interest for its seventh fund from new and existing investors, including public and corporate pensions, insurers and family offices.

The latest iteration of the Aurora Equity Partners fund is the largest yet, and will stick to the firm’s longtime strategy and invest in US middle-market companies within business, industrial and tech services. The fund launched a year ago and has been doing deals, including an investment in GenServe, ...