Akina has held a final close for its debut secondaries fund on €224 million, exceeding its €200 million target, according to a statement.
Euro Choice Secondary launched last year and held an interim close on €122.5 million in October and a first close on €73.5 million in July. The fund attracted 35 limited partners such as pension funds, endowments, insurance companies, family offices and high-net-worth individuals.
Most of the LPs are from Australia, Canada, Europe and the US, the statement disclosed. About 45 percent of committed capital has been invested as of the end of 2014, senior partner Mark Zünd said.
“Further interesting investment opportunities are in advanced execution stages and we are confident that Euro Choice Secondary will be fully invested by end of 2015, delivering attractive and stable investment performance.”