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Fundraising
The debut fund will target primary, secondaries and direct co-investments across multiple geographies, sectors and strategies.
The change reflects Australia and New Zealand’s disproportionate weighting in Riverside Asia-Pacific Fund II, a $235m 2012-vintage.
The fundraising lasted 18 months and 40% of the capital came from new investors.
Impact investing fund managers had collected $5.4bn from banks and diversified institutions as of 31 December, a 24% annual increase from 2014.
The veteran VC firm invests in technology and healthcare companies, and has maintained consistent performance through leadership transitions.
Technology, capital and talent will drive growth investing's expansion, says Hermes GPE partner Elias Korosis.
Farview Equity Partners is targeting lower mid-market enterprise and financial companies in Europe for its debut vehicle.
The firm has been co-investing with large institutions and raising capital on a deal-by-deal basis in private equity in the US until now.
The five largest fund closes for the month collected close to $24bn, three times more than the previous month’s haul.
The London firm is seeking $10.5bn for Fund X, according to Minnesota State Board of Investment documents obtained by PEI.