New State Capital Partners (New State) has closed its third institutional investment fund, New State Capital Partners Fund III with USD450 million in committed capital.
The Fund was over-subscribed and closed on schedule at its hard cap in about four months after the official launch.
Fund III’s investors are comprised of a diverse and global group of public and private pension funds, consultants, endowments, foundations, funds of funds, and family offices. New State completed the fundraise of its second institutional fund in March 2018 with USD255 million of capital commitments and currently has USD1.2 billion in assets under management.
Read more at Private Equity Wire
