Newbury Debuts $702M Secondary Buyout Fund

Mar 27 2008 | 11:41am ET

Stamford, Connecticut-based Newbury Partners, a secondary buyout firm, recently held a first close on its maiden private equity fund at $702 million.

Investors in the fund, which was launched at the end of 2006 with a $700 million target, reportedly include New York Life, 3M Pension Fund and APIII, according to AltAssets.

The firm said the new fund is already 20% invested, with most of its having been completed following the subprime mortgage crisis in summer of last year.

Newbury Partners is a spin-off from Auda Private Equity.


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of