Industry News
Global equity manager ABS Global Investments has formed a strategic partnership with private equity manager Nile Capital Group
The fund has already committed $9 billion in capital to over 165 companies to date.
The firm’s second institutional fund was oversubscribed and closed with $1.13 billion in total capital commitments.
The investment firm, which was founded this year, closes its inaugural private equity fund $50 million above its target fundraise in less than five months.
Institutional investors are focused on the long-term capabilities and expertise of a manager when making selections for an investment mandate.
The private equity firm added two new associates this month.
The oversubscribed fund closed with approximately $1.2 billion in capital commitments.
The firm’s new dedicated insurance solutions team includes two team member additions.
The new hire will focus on public funds.