PineBridge Investments closes inaugural fund to back first-time private equity managers

PineBridge Investments has held the final close of the PineBridge Preferred Participation Fund, with USD334.3 million in capital commitments. 

The multi-manager private equity fund focuses exclusively on partnering with managers who are raising capital for their initial commingled institutional private equity funds.
 
Through the Preferred Participation strategy, PineBridge investors aim to deploy capital into high performing yet under-allocated segments of the private markets, enabling investors to diversify their private markets portfolios.