Arcis Group has raised €288 million for its European Secondary Development Fund V, according to a SEC filing. The London-headquartered firm began fundraising in 2014 with a €350 million target.
Its previous fund raised $354 million in 2008.
Investors that committed to European Secondary Development Fund V include the AP Fonden 3 and the Houston Firefighters' Relief and Retirement Fund.
The fund will target secondaries opportunities in a diverse number of sectors in Europe.