Siguler Guff & Co. is stepping out of its traditional fund-of-funds strategy in emerging markets with a new $240m investment vehicle.
The firm has collected $240m for its debut co-investment and direct investment fund targeting emerging markets.
The New York firm will use the fund to invest alongside sponsored funds in emerging markets and make direct investments, according to Drew Guff, co-founder and managing director. He said the firm has wrapped up fundraising for the new vehicle, Siguler Guff Global Emerging Markets Co-Investment Fund.
Source: Wall Street Journal
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