Private-equity firm Banner Ridge Partners has exceeded the $600 million target for its fourth secondary fund by collecting around $800 million since it began fundraising earlier this year, according to people familiar with the matter.
The New York-based firm expects to hold a final close for Banner Ridge Secondary Fund IV Co, LP in the third quarter, the people said. WSJ Pro Private Equity previously reported the fund could reach up to $1 billion in investor pledges.
Banner Ridge Partners is an alternative investment specialist that identifies private equity managers in niche markets. By targeting deep value opportunities, focusing on fragmented markets, and working through structural complexities, they deliver returns investors.
Source: Wall Street Journal
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