Paceline Equity Partners, a firm launched by seven executives who previously worked together at private-equity investor Lone Star Funds and its affiliate Hudson Advisors LP, has closed its debut fund at $350 million.

One of the investors in Paceline Equity Partners Opportunity Fund I LP also has formed a separate $35 million co-investment vehicle with the new firm to back deals alongside the main fund, according to Paceline Chief Executive Samuel Loughlin.

Paceline is a Dallas-based private equity manager focused on value-oriented, opportunistic, and special situations investments across corporate credit, real assets, and private equity. Paceline has built a diversified portfolio of current investments to date through five acquisitions totaling approximately $300 million of transaction value.



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