Capital Dynamics surpasses secondaries fund target

The Swiss-based fund of funds manager has raised $378m for its fourth secondaries vehicle.

Capital Dynamics has raised more than the target for its latest dedicated secondaries vehicle, approximately two years after it hit the market, Secondaries Investor reports.

The Switzerland-based fund of funds manager has raised $377.6 million for Capital Dynamics Global Secondaries IV, according to a filing with the US Securities and Exchange Commission.

The filing shows that 30 investors have committed to the vehicle so far. Fund IV launched in March 2014 with a $350 million target and a $500 million hard-cap, according to PEI Research and Analytics.

The fund held a first close on about $150 million last April, with a significant amount of capital expected from existing investors and new limited partners from the US and Japan, Secondaries Investor reported.

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