Mesirow Financial raises $426.5m

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Mesirow Financial has raised $426.5 million to date for its Mesirow Financial Private Equity Fund VII, per a SEC filing. The Chicago-headquartered firm has set a $750 million target and began fundraising in 2015. The SEC filing did not disclose whether the capital raise constituted a final or interim close.

Its previous fund raised $613.8 million in 2014.

Investors that committed to Mesirow Financial Private Equity Fund VII include the City of Milwaukee Employees Retirement System.

The fund will target private equity fund opportunities in a diverse number of sectors in North America.