Committed Advisors, the private equity secondaries firm which straddles France and Australia, is reportedly three-quarters of the way to target for its second fund after holding a €300m first close for the vehicle.
The firm raised €257m for its debut vehicle in 2010, above its original target of €200m to €250m.
Committed launched the new fund at the end of the summer according to peHUB, which cited a person with knowledge of the process.
It added that the firm expects another close before the end of the year, and anticipated all of its existing investors to return for the second fund.
Committed was launched by AXA Private Equity’s former New York co-head Daniel Benin, pictured, and ex-Paris managing director Barthélémy de Beaupuy.
The company, which had announced plans to de-list from the AIM market of the London Stock Exchange, said it would sell its remaining investments to the two firms for £10.53m and appoint a liquidator.
Loudwater added that it would distribute sale proceeds to shareholders and proposed winding down its operations.
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