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Munich
The German manager says about €100m of the capital was raised since early March.
Munich
The German manager intends to keep its third instalment at a similar size as it seeks to maintain its current strategy.
European secondaries specialist Ardian will act as anchor investor and offer current partners the opportunity to become LPs alongside it, a source said.
Following the success of its sterling-denominated fund that has raised £1bn to date, the London-based firm is launching a similar vehicle that will be available to the broader European market.
The FoF manager’s IPIF Core vehicle, established in 2015 and with $82.4m AUM, has achieved 9.5% returns since inception and is looking to expand.
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