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Laxman Pai, Opalesque Asia:

American alternative investment manager Wind Point Partners advised by Kirkland & Ellis, closed its latest fund after securing $2.3 billion in commitments, marking the firm's largest fund raised to date.

The Chicago-based private equity shop raised 35% more than it had targeted for Wind Point Partners X, the firm's 10th in its 40-year history. The closing of Fund X coincides with Wind Point's 40th anniversary.

According to a press release, with Fund X, Wind Point will seek to continue its long history of partnering with top-caliber management teams to acquire well-positioned middle-market businesses with a clear path to value creation.

"Through multiple economic cycles, Wind Point has built a reputation as a partner of choice for business owners and talented executives seeking more than just capital. Since 1997, Wind Point has utilized an executive-oriented partnership model to align with top operating talent in private equity investments," it said.

Today, the firm's Executive Advisor Partner (EAP) program is comprised of more than 40 high-caliber executives who are closely aligned with Wind Point and contribute across all aspects of the firm's investment process. Wind Point's Managing Directors average more than 20 years of tenure at the firm. Since 1997, Wind Point's buyout funds have completed 75 platform investments and more than 300 add-on acquisitions, it said.

Wind Point's Managing Directors, Nathan Brown, Paul Peter......................

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