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Sign in Sign up for a FREE subscriptionSterling Bay launches third fund
Sterling Bay, a Chicago-based developer and investment firm, has launched its third investment fund, Sterling Bay Capital Partners III, according to a filing with the SEC. The firm did not comment on its fundraising efforts.
Sterling Bay Capital Partners III is seeking to raise $500 million, according to Crain’s Chicago Business. The fund will target both new investments and existing projects. The company is looking to expand its investment scope with the new fund, which will give it more leeway to decide how to deploy capital.
The firm’s previous fund, Sterling Bay Capital Partners II, raised $200 million and closed in 2016.
