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Castle Creek Capital Raises $267 Million Private Equity Fund

09.21.17

Simpson Thacher represented Castle Creek Capital in connection with raising $267 million for Castle Creek Capital Partners VI after an increase in the hard cap of the fund. Castle Creek has been a leading investor in community banking since 1990. The Rancho Santa Fe based firm raised money from a range of sophisticated investors, including public and corporate pension plans, foundations, endowments, and funds of funds and exceeded its initial target of $250 million for Castle Creek Capital Partners VI. Castle Creek Capital Partners VI expects to make mostly minority investments in U.S.-based community banks.

The Simpson Thacher team included Michael Nooney, Robert Guo, Jane Li and Justin Thekkekara (Private Funds); Tanvi Mirani (Tax); Brian Park (Credit); Jeanne Annarumma (ERISA); Mark Chorazak (Bank Regulatory); and Jennie Getsin (Blue Sky).