Brown Brothers Harriman Closes Fund IV, Raising $517M
Brown Brothers Harriman & Co., a Wall Street firm that goes back nearly two centuries, announced that it closed on its fourth private equity fund, BBH Capital Partners IV LP, raising $517 million. The amount eclipsed the fund’s initial target of $300 million, which the firm set when it started raising money nine months ago. Like BBH’s previous funds, Fund IV will have a diversified focus, investing in both equity and debt, and both control and minority-stake situations. The firm, which has had a private equity group since 1989, manages $1.35 billion in private equity capital. While the fund plans to invest in a variety of industries...
19 January 2012•3 mins read
