Saturday, 10 October 2015
Last updated 7 hours ago
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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…