Azalea Investment Management has closed its second private equity fund of funds product Altrium II on $805m.
The firm said Altrium II will allow accredited investors direct equity participation in a portfolio of PE funds across the US, Europe and Asia.
The latest fundraise came two years from the firm’s inaugural Altrium I, which was closed on $650m.
“Investors were also attracted by Altrium’s unique investor-friendly product features, including low minimum commitment, shorter investment tenure and ensuring efficient capital management for investors.”
Read more/Source: Alt Assets
