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PineBridge Investments’ PSP IV closes above target at USD568 million

PineBridge Investments, has closed its latest secondary fund, PineBridge Secondary Partners IV (PSP IV), with total capital commitments of USD568 million, above an initial target of USD500 million.

PSP IV attracted a global investor base, represented by a wide range of limited partners from the Americas, Asia, Europe and the Middle East, including pension plans, insurers, family offices, and financial services organisations. The fund has a focus on small to mid-sized, globally diversified transactions, both in the developed and emerging markets.
“We would like to thank our long-term investors for their ongoing support and welcome our new investors to PSP IV,” says Steven Costabile, Managing Director and Global Head of the Private Funds Group (PFG) at PineBridge Investments. “Since the beginning of our secondary program, we have benefited from our global platform in order to source small to mid-market transactions, while staying true to both our value orientation and disciplined underwriting approach for assessing risk and return.”

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