Newbury Partners raises $1.1bn

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Newbury Partners has raised $1.1 billion to date for its Newbury Equity Partners IV, per a SEC filing. The Stamford-headquartered firm has set a $1.25 billion target and began fundraising in 2017. The SEC filing did not disclose whether the capital raise constituted a final or interim close.

Its previous fund raised $1.1 billion in 2014.

Investors that committed to Newbury Equity Partners IV include the AP Fonden 3.

The fund will target secondaries opportunities in a diverse number of sectors in North America and Europe.