Hermes GPE raises $389m for latest co-investment fund

The firm received commitments from investors including Ardian and CPPIB.

11 October 2017

Hermes GPE held a final close on $389 million for its Hermes GPE PEC III Co-Investment Fund, surpassing the original $300 million target.

The co-investment vehicle received commitments from investors including Ardian, State Teachers Retirement System of Ohio, Local Pensions Partnership, Hostplus and Canada Pension Plan Investment Board. The programme will be deployed alongside $230 million of separate account capital the firm had previously raised.

The capital will be used to make co-investment in a diverse number of sectors in North America, Asia-Pacific and Western Europe.

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