360 One raises $500-M for secondaries fund

Bain Capital-backed 360 One Wam Ltd has raised USD 500 million for its debut secondaries fund. The fund has already deployed about 40% of its capital in eight assets, and has a goal of 20 investments.Nearly 90% of the capital raised for the new fund was from local family offices and high net worth individuals.360 One’s asset management business has USD 3 Billion invested across private equity and venture capital strategies.