Fundamental Advisors (Fundamental), an alternative asset manager dedicated to municipal and public purpose investing, has held the final close of its fourth flagship private equity fund, Fundamental Partners IV LP (Fund IV), with $1.43 billion in capital commitments.
Fund IV’s total commitments significantly exceeded its original target of $1 billion. The fund received support from a majority of existing investors along with a diverse group of new investors including state pension plans, insurance companies, university endowments and private wealth platforms.
Fund IV will continue Fundamental’s strategy of employing both private equity-style control and high-yielding private credit practices to invest in essential community assets, such as affordable and workforce housing, renewable energy, senior care and infrastructure.
Read more: Private Equity Wire
