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Perella Weinberg sets sights on growth fund hard cap after $444m capital raise

15 Aug 2014

hard hat cap construction buildingPerella Weinberg Partners is well on the way to its hard cap for its debut growth equity fund after picking up about $444m for the vehicle.

The firm has picked up commitments from 106 LPs to date according to a filing with the US Securities and Exchange Commission, which shows Barclays Capital is acting as a placement agent.

Fortune revealed in March last year that Perella Weinberg was targeting $400m for the growth equity fund, which would be led by former Weston Presidio partners Chip Baird and David Ferguson.

It added 12 months ago that the firm had already collected $225m for the vehicle.

Last December Perella Weinberg strengthened its team by appointing four new partners.

Michael Grace, Frances Ni, Vladimir Shendelman and Kevin Stahl are based in the firm’s New York office.

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