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Stamford, Conn.-based Hamilton Robinson LLC announced Thursday the closing of a $75 million fund for late-stage financing and buyouts of companies with revenue of at least $10 million. Mark Riser, a partner at Hamilton Robinson, said the fund, called Cygnet Capital Partners LP, will target mature industries undergoing fundamental change, including industrial process companies, makers of highly engineered products, and energy and utility services companies. The fund has already invested about $11 million of the equity in three deals, Riser said. It acquired Dexter Magnetic Technologies Inc., a Chicago-based maker of specialty magnetic products, in July 2001. It invested an undisclosed amount in Trillion Digital Communications Inc., a Bessemer, Ala.-based telecom services provider, in December 2001. And in October 2001, Cygnet participated in the recapitalization of the oil and gas process equipment division of Houston-based Baker Process, a division of Baker Hughes Inc., now called Petreco Inc. Riser declined to name investors in the latest fund but said past investors included Farm Bureau Life Insurance Co., GE Capital Commercial Finance, Minnesota Mutual Life Insurance Co., United Technologies Corp.'s Master Retirement Trust and a group of wealthy individuals. --Tyson Freeman www.TheDeal.com