The firm had targeted the fund at $350 million. The El Segundo, Calif.-based firm raised about $225 million for its second fund, which closed in 2005.
Limited partners include PPM America Capital Partners, HighVista Strategies, INVESCO Private Equity, WP Global Partners, Credit Suisse Customized Fund Investment Group, Kemnay Private Equity, Nationwide Mutual Insurance Co., Private Advisors, RCP Advisors, Twin Bridge Capital Partners and Washington University in St. Louis.
Southern Cross targets $1.25B
The Buenos Aires-based firm raised about $750 million for its third fund in 2006.
Oaktree raising energy fund
Oaktree Capital Management
Texas LP seeks PE
The Texas Permanent School Fund has hired two investment managers to oversee its first investments in private equity. The $22 billion system has retained Credit Suisse Customized Fund Investment Group and NB Alternative Advisers as discretionary advisors, each with $650 million mandates.
Ambrian Capital sets up mining PE biz
Ambrian Capital is the holding company of Ambrian Partners, a specialist investment bank.