BEX Capital raises $365m

The Nice-based independent private equity secondaries investment firm closes third fund.

BEX Capital has held a final close for BEX Fund III at $365 million, after four months of fundraising. The oversubscribed fund, which had originally targeted $280 million, will acquire positions in private equity funds of funds, secondaries funds and co-investment funds. It will buy portfolios worth between $1 million and $500 million.

BEX Fund II closed at €120 million in September 2017, surpassing a target of €80 million.