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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