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  • Thursday, May 2, 2024
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Bluestone Looks to Expand Government Services Partnership Strategy With $196M Fund

Bluestone Investment Partners has raised $196 million for the private equity firm’s third buyout fund and intends to expand investments in the lower-middle government services industry.

The Bluestone Investment Partners III fund received commitments from endowments, family offices and gatekeepers and reached its hard cap within six months, the company said Thursday.

“Our team looks forward to continuing our strategy of partnering with lower-middle market government services businesses and helping them achieve transformational growth,” said Eric Wolking, a partner at Bluestone.

Acalyx Advisors and Kirkland & Ellis served as Bluestone’s exclusive placement adviser and legal counsel, respectively.

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