Direct Capital Private Equity raises NZ$425 million

The New Zealand-based firm closed its sixth fund.

  • Fund name: Direct Capital VI
  • Amount raised: NZ$425 million
  • Target size: NZ$450 million
  • Stage of fundraising: Final close
  • Final Close Date: March 2020
  • Predecessor fund: Direct Capital V (NZ$375 million)

Direct Capital Private Equity held a final closing of Direct Capital VI at NZ$425 million. Direct Capital VI will continue to exercise its predecessors’ fund strategy investing in mid-market firms in New Zealand and Australia.