Industrial services

Aurora Equity Partners VII LP (AEP VII) is the seventh flagship private equity fund managed by Aurora Capital Partners, a Los Angeles-based middle-market buyout firm founded in 1991. The fund held its final close in September 2025 with over $2.1 billion in capital commitments from a broad base of institutional investors, making it the largest fund raised in the firm's 34-year history. AEP VII is structured as a Delaware limited partnership and attracted support from both returning and new limited partners across public and corporate pension funds, insurance companies, family offices, asset managers, and industry consultants. Consistent with Aurora Capital Partners' long-standing investment strategy, AEP VII targets U.S.-based middle-market companies across three core verticals: business services, industrial services, and tech-enabled services. The firm focuses on market-leading businesses with demonstrated growth potential and operational improvement opportunities, deploying its proprietary Strategy and Operations Program to drive meaningful scale and performance gains post-acquisition. Fund VII began deploying capital ahead of its final close, completing an investment in GenServe — the largest independent provider of commercial and industrial standby power generators in the United States — in August 2024. Aurora Capital Partners manages approximately $6 billion in assets across its fund series. Its predecessor vehicle, Aurora Equity Partners VI LP, closed in 2021 with $1.65 billion in commitments; the step-up to $2.1 billion for AEP VII represents the firm's largest-ever capital raise. PJT Park Hill served as placement agent for the fundraise and Kirkland & Ellis acted as legal counsel. The firm has invested across a diversified portfolio of middle-market companies in the United States since its founding, building a track record in operationally intensive service and industrial sectors.