AlpInvest helps UniCredit fund manager SwanCap raise $1.2bn debut fund


SwanFund of funds investment giant AlpInvest has acted as lead backer for SwanCap Partners as it closed its first fund on $1.2bn.

SwanCap was launched in late 2013 to manage the assets of Swiss bank UniCredit, and has taken its AUM to $3bn through the latest fundraise.

The new fund, SwanCap Opportunities Fund SCS-SIF, has about $450m of capital available for investment, with the rest consisting of UniCredit’s existing private equity investments.

Copyright © 2014 AltAssets