PineBridge Investments raises $568m

The global asset manager closes latest secondaries vehicle above target.

PineBridge Secondary Partners IV has held a final close at $568 million, surpassing its original target of $500 million.

The firm’s fourth secondaries fund received support from a global investor base, including Elise P. Hunt Trust. More than one third of the fund’s investors are European.

Pinebridge Secondary Partners III previously closed at $308 million in February 2015.