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Fund News In Brief

HgCapital announced a final close of its latest private equity fund, HgCapital 7. The £2 billion ($3.06 billion) fund will provide broad coverage of the Northern European mid-market through its four sector teams, dedicated portfolio management group, and investment offices in London and Munich.

Noble Investment Group said that its most recent fund exceeded its cap and closed $220 million. About 75 percent of  Noble Hospitality Fund II was committed by repeat investors. Noble Investment Group is a lodging and hospitality real estate investment firm.

StepStone Group said it closed its sophomore secondary private equity fund at $450 million. StepStone Secondary Opportunities Fund II LP exceeded its original target of $350 million and closed at the hard cap. Together with allocated capital from separately managed accounts, StepStone has raised approximately $650 million for a focused and differentiated strategy within the secondaries market.

Tengram Capital Partners has collected $173 million for its first institutional fund. Fund I’s target was $150 million, according to a statement. Mt. Vernon Group and Triple A Partners were placement agents for the pool while White & Case was fund counsel. Founded in 2010, Westport, Conn.-based Tengram targets mid-market consumer and retail companies.