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Wasserstein launches Fund IV

The new fund is targeting $750 million.

New York-based Wasserstein & Co has launched Wasserstein Partners IV, according to a filing with the US Securities & Exchange Commission.

The fourth fund is targeting $750 million. The filing was posted on 19 August.

According to the firm’s website, it invests in media and communications, consumer products and water and industrial sectors. The target investment size is between $20 million and $100 million.

The predecessor, Wasserstein Partners III, a 2014-vintage vehicle, held its final close on $403 million, surpassing its $300 million target. It is currently in the process of investing, according to PEI’s Research & Analytics division.

Its investors include Swiss fund of funds managers Alpha Associates and Private Equity Holding and London-based fund of funds manager Pantheon International Participations.

A spokesperson for the firm was not available to comment.

New York-based Lazard Freres and Miami-based Florida Atlantic Securities served as advisers on this fund, according to the filing.

Wasserstein manages $403 million in assets and has a diversified sector interest in North America, according to PEI’s Research & Analytics.