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US-based TIFF closes secondary fund of funds at $150m

16/12/2003Source: AltAssets.  

Click here for the latest news, views and interviews in the clean energy investor communityThe Investment Fund for Foundations (TIFF), a US not-for-profit co-operative founded by a nationwide network of foundations, has held a final close on its dedicated secondary fund of funds at $150m.

The fund will focus primarily on the funds employed by other TIFF private equity partnerships, although it will consider other investment opportunities. TIFF’s limited partners comprise not-for-profit organisations such has the American Red Cross, the Carnegie Hero Fund Commission and the RAND Corporation.

TIFF operates a number of private equity funds and also invests in multi-asset funds, international and US equity funds, government bonds, real estate and absolute return funds. TIFF is currently fundraising for private equity fund TIFF Partners V and TIFF Real Estate Partners II.

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