Brown University becomes a limited partner in Nautic Partners' latest fund that closed on its hard cap of $900m.

Nautic Partners, a US-based private equity firm, has raised $900m for its Nautic Partners VIII fund, attracting Brown University as a limited partner.

The size of Brown’s commitment has not been disclosed.

Nautic Partners VIII will invest in the healthcare, industrial products and service outsourcing sectors. The fund began raising investments in October 2015 with the $900m raised being the fund’s hard cap.

Bernard Buonanno III, managing director at Nautic. said: “In Nautic VIII we intend to continue to emphasise our expertise in our three primary sector verticals: healthcare, industrial products and outsourced services.

“We have developed deep experience within these industries over the firm’s three decades of investing, and will seek to leverage the specialised knowledge and relationship networks we have generated in order to continue to drive performance for our investors.”