Aberdeen Standard Investments (ASI) has completed the fund-raising for the fourth generation of its private equity secondaries programme.
The total raised for Aberdeen Standard Secondary Opportunities SOF IV (SOF IV) and associated separate accounts is USD556 million, above the target of USD500 million and 30 per cent higher than the amount raised for its predecessor fund, which secured USD428 million of commitments at its final close in October 2017.
Commitments to SOF IV were received from over 50 investors, including public and corporate pension schemes, multi-family offices and high net worth individuals. The geographic split of investors was approximately 60 per cent from the UK and 40 per cent from North America.
The total raised for the four dedicated secondaries funds and separate accounts comprising Aberdeen Standard Investments’ private equity secondaries programme is now almost USD1.5 billion from well over 100 investor commitments.
Read more/Source: Private Equity Wire
