Stockbridge raises $252.5m

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Stockbridge Capital Group has raised $252.5 million for its Stockbridge Value Fund III, per a SEC filing. The San Francisco-headquartered firm began fundraising in 2017 with a $500 million target.

Its previous fund raised $320.5 million in 2015.

Investors that committed to Stockbridge Value Fund III include the Texas Municipal Retirement System.

The fund will target value added opportunities in a diverse number of sectors in the United States.Â