BEX Capital, a private investment firm focused exclusively on secondaries in private equity fund-of-funds (FoF), secondaries funds and co-investment funds, has held the final close of BEX Fund V at its target of $765m in capital commitments.
The first fund raised since the management buyout of BEX Capital at the start of the year, BEX Fund V reached its target in just four months having received strong support from existing investors.
As with its previous funds, Fund V is solely dedicated to FoF secondaries and will make individual investments ranging from $5m to $1bn. At the higher end of this scale, BEX Capital will draw on support from its core group of investors.
