Tritium Partners, a private equity firm investing in growth companies in the lower middle market, has held a final closing on its third fund, Tritium III, with $684 million of committed capital. The fund exceeded its target and represents a nearly 50% increase over Tritium's 2019 second fund.

Tritium Partners (Tritium), a private equity firm investing in growth companies in the lower middle market, has held a final closing on its third fund, Tritium III, with $684 million of committed capital. The fund exceeded its target and represents a nearly 50% increase over Tritium's 2019 second fund. 

Tritium III received broad support from existing investors, who in aggregate considerably increased their commitment levels in this fund, as well as from several new, substantial institutional investors. 

The fund's investors include leading retirement systems, private pension plans, university endowments, foundations, diversified financial institutions and insurance companies. Tritium now manages nearly $1.5 billion of capital commitments across its funds.

The firm has completed 24 platform investments across Tritium I and II. Tritium has also completed its first three investments in Tritium III.