We are pleased to advise that we have reached the first close milestone of our Fund IV fundraising.
Since launching on 1 September 2021, we have experienced strong demand with commitments for the core fund at approximately $500 million and $100 million for the sidecar, which includes the required manager commitment.
We have been humbled by the support from our existing investor base with a re-up rate of more than 90% and are delighted to welcome several new investors – both offshore and domestic to the Fund.
We anticipate accepting further commitments into Fund IV during the remainder of this calendar year, with a final close to be held during the 1st quarter of 2022.