Siguler Guff Nearing Multiple Fund Closes
New York fund-of-funds manager Siguler Guff is nearing the end of fundraising for two vehicles, according to recent regulatory filings and sources close to the firm. Siguler Guff has accumulated $914.682 million in commitments to its second BRIC fund-of-funds. The vehicle has a $1 billion target, which is a significant increase over its first BRIC fund vehicle. That fund, raised in March 2006, had $610 million in commitments. The fund's strategy is to invest in funds which target Brazil, Russia, India and China, with an emphasis on India and China. Patricia Dinneen, the fund's manager, declined to comment. Meanwhile, Siguler Guff also has secured around $2.3 billion in commitments for its third distressed fund-of-funds, which was being targeted at just $1.5 billion. A final close
