Private equity firm Astira Capital Partners announced the final closing of its debut fund with $675 million of institutional capital commitments, exceeding its original target of $500 million.
The Boston-based firm focuses on buyouts of North American software businesses and technology enabled services companies, Astira said in a statement viewed by Bloomberg News. The firm seeks to invest $50 million to $200 million in total equity per investment in companies generating $10 million to $30 million of earnings before interest, taxes, depreciation and amortization, it said.
