Access collects €350m for Fund VI

Access is expected to beat its target for its sixth buyout fund of funds

Access Capital Partners has collected €350 million for its sixth buyout fund of funds and is expected to exceed the fund’s €400 million target, it said in a statement.

Access Capital Fund VI Growth Buy-out launched in 2013 and held a first close on €190 million in January. Commitments have come from European investors including pension funds, insurance companies and large family offices. Limited partners in the fund include UK-based Clwyd Pension Fund, according to PEI’s Research and Analytics division.

Access previously said fundraising looked strong which could help the fund close within nine to 12 months after the first close.

The fund has already committed to nine small primary private equity funds and has completed one secondary transaction.

Read the rest of this story on Secondaries Investor.