Wednesday, 28 September 2016
Last updated 18 hours ago
Jun 12 2007 | 9:02am ET
U.K.-based Standard Life Investments yesterday held a final close of its latest private equity fund of funds.
European Strategic Partners 2006 raised some €900 million (US$1.2 billion); the firm also said it took in US$300 million dollars for its first U.S. p.e. fund of funds product, the North American Strategic Partners, earlier this year.
David Currie, CEO of Standard Life Investments (Private Equity), said, “I am delighted to announce the successful final close of both of these private equity funds of funds which represents a total of over £760 million sterling (US$1.5 billion). ESP 2006 started to make commitments to European buyout firms soon after its first close and now has twelve funds in its portfolio. The co-investment portfolio is also progressing well with four investments.”
Standard Life manages a range of p.e. funds of funds as well as traditional products.