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Azalea closes Altrium Private Equity Fund II at USD805m

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.

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