Azalea Investment Management has held the closing of the second fund of its flagship private equity fund of funds product, Altrium II, at USD805 million, with capital commitments from a diverse group of limited partners including pensions, foundations, insurers, family offices and high-net-worth individuals.
Altrium II is a PE fund of funds product that allows accredited investors direct equity participation in a quality, diversified portfolio of PE funds across the US, Europe and Asia.
Launching two years after Azalea’s inaugural Altrium I of USD650 million in 2019, Altrium II represents a continuation of Azalea’s mandate to broaden investors’ access to PE and is designed to overcome the challenges of investing in PE funds.
