Proterra beats target with $680m close for third food and beverage credit fund
Thursday, November 5, 2026 · first reported by AltAssets and 3 others
Proterra Investment Partners has completed the final close of Proterra Credit Fund 3 at $680 million in capital commitments. The fund's target was $500 million, according to securities.io. Counting the companion vehicles alongside it, total commitments pass $1 billion.
Fund 3 is the firm's third private credit fund. Its lending is direct and limited to food and beverage businesses in the lower and core middle market, such as processors, branded companies and vertically integrated operators. Managing Partner Rich Gammill said the result reflects the firm's strategy and its investor relationships. The firm is based in Minneapolis, and the close was announced on November 5, 2026.
- Size
- $680M
- Stage
- Final close
- Asset class
- Credit
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Coverage
4 sources- AltAssetsProterra beats target with $680m close for third food and beverage credit fund
- PR NewswireProterra Investment Partners Announces Final Close of Credit Fund 3 at $680 Million, Exceeding $500 Million Target
- HedgeCoProterra Investment Partners Closed Credit Fund 3 at $680 Million, Exceeding Its $500 Million Target
- securities.ioProterra Credit Fund 3 Beats Target With $680 Million Close
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