Siguler Guff nears target for small buyout FoF

The firm is approaching its $600m target for its second fund of funds focused on small buyouts and is also raising its BRIC Opportunities Fund III, targeting $1bn.

Siguler Guff has raised about $542 million for its Small Buyout Opportunities Fund II, according to documents filed with the US Securities and Exchange Commission. 

The firm is targeting $600 million for the fund, which focuses on buyout vehicles investing in small and lower mid-market companies in North America with earnings before interest, tax, depreciation and amortisation between $3 million and $15 million. Last year, the fund received a re-up commitment from the Montana Board of Investments, according to Private Equity International’s Research & Analytics division. Siguler Guff’s previous fund focused on small buyouts collected $505 million and closed in 2007. 

Siguler Guff was not available for comment at press time.

The firm recently held a final close on about $93 million for its Russia Partners Technology Fund that will commit to managers making growth capital investments in technology companies in Central and Eastern Europe.  The fund had an official target of $250 million.

Siguler Guff is also in market with its BRIC Opportunities Fund III that is targeting $1 billion. The firm had raised about $175 million as of mid-April, according to SEC documents. Siguler Guff employs about 70 percent of the fund for commitments to managers and 30 percent for co-investments, Siguler Guff managing director Cesar Collier told Private Equity International in a previous interview.