BEX Capital, an investment firm focused exclusively on secondaries in private equity fund-of-funds (FoF), secondaries funds and co-investment funds, has closed BEX Fund IV at USD765 million, in excess of its USD600 million target.
This was the first close of BEX Fund IV, with fundraising completed in only three months. BEX Capital received strong support from existing investors who increased their commitments to BEX Fund IV by 50 per cent. The oversubscribed fund closed in excess of its USD600 million target at USD765 million.
BEX Capital’s fourth fund is the largest pool of capital solely dedicated to FoF secondaries and will make individual investments ranging from USD5 million to USD1 billion. At the larger end of this scale, BEX Capital will draw support from its core group of investors.
