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Intervale Capital Closes Fund

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February 26, 2014

Private-equity firm Intervale Capital closed a fund, Intervale Capital Fund III LP, over its $400 million target, the company said Feb. 25. The fund raised $495 million in capital commitments in less than five months, the company added.

Intervale Capital has $1.2 billion in cumulative funds, the company said. This includes $128 million from its first fund in 2008 and $376 million from its second fund in 2012, the company noted.

Intervale Capital Fund III will serve privately negotiated control investments at middle-market oilfield services companies, the company said. The ...

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