Commonfund Capital has closed its third dedicated private equity co-investment fund, Commonfund Capital Co-investment Opportunities III, LP, at USD160 million, above its USD150 million target.

The fund had strong participation from existing investors as well as a number of new institutional limited partners including foundations, endowments, family offices and sophisticated clients of registered investment advisors and consultants.

Commonfund Capital has invested in select co-investments alongside high conviction managers and sponsors since 1997 with aggregate committed capital of over USD1 billion. It has invested through both its commingled portfolios as well as through its dedicated co-investment partnerships.

“The combination of our industry relationships and access and our focus on a sub-set of what we believe are compelling and resilient sectors should enable us to drive desired returns for our investors,” Says Mark Hoeing, Managing Director and Head of Private Equity. “We are very appreciative of the continued support from existing investors and we welcome new investors in our third dedicated co-investment fund.”

Read more/Source: Private Equity Wire