Direct Capital Raises $525 Million for Seventh Fund

Direct Capital Limited, a prominent private equity firm, has successfully raised $525 million for its seventh investment fund, Direct Capital VII, which aims to invest in privately-held companies across New Zealand and Australia. This fund achieved its cap through substantial demand from both new and existing investors, including cornerstone participants like the Accident Compensation Corporation and New Zealand Superannuation Fund. With a strong mid-market focus, Direct Capital VII continues the firm's established investment strategy of targeting market-leading businesses poised for growth. Previously, Direct Capital VI accumulated $425 million and invested in six companies, demonstrating the firm's capacity to effectively channel capital into promising ventures. Direct Capital's cumulative fundraising now totals over $2.2 billion throughout its 30-year history.