Fund of funds manager Strategic Investment Group (SIG) has secured $150m for its latest private equity vehicle, according to documents filed with US securities regulators.
Strategic Private Equity Fund IV is targeting $250m and has been on the road since October 2012, the filings showed.
SIG, which is managed by Friedman, Fleischer & Lowe, currently has around $30bn under management.
FFL is focused on mid-market companies operating in the business and financial services, healthcare and consumer products sectors.
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