Multiples announces close of $430-M continuation fund
Multiples Alternate Asset Management has announced the close of its USD 430 million continuation fund. The continuation fund raised capital to acquire interests in three private companies from Multiples Fund II, alongside additional follow-on capital. These companies include Vastu Housing Finance Corporation, Quantiphi, and APAC Financial Services.The investment in the new fund was led by four global investors: HarbourVest Partners, Hamilton Lane, LGT Capital Partners, and TPG NewQuest. Some of Multiples’ Fund II investors also re-invested in the continuation fund.
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