Wellspring Limps Along in Fundraising Market
Wellspring Capital Management continues to struggle in its efforts to raise a fifth fund, according to a recent regulatory filing. The New York-based buyout firm has secured around $330 million in new commitments over the past year, bringing it to just over $490 million in total. This is compared to an original plan to raise upwards of $1.5 billion, which later was revised downward to $1.3 billion. [Update: We're told that Wellspring has closer to $600m total when overseas commitments are included, and that the $1.3b figure is a hard cap]
20 April 2010•2 mins read
