PRINT THIS PAGE US Mellon closes fourth private equity fund of funds on $56m28/10/2004. Source: AltAssets. 
 Mellon Financial Corporation's private wealth management group has closed its fourth private equity fund of funds with commitments of $56.4mn. The capital was raised chiefly from high net worth individuals, endowments, family offices, and employee benefit plans.
The fund will focus on investing in both buy-out and venture capital funds.
Nick Vidnovic, manager of the private wealth management group, said: 'We believe there are some very compelling valuations in private equity, particularly in information technology, health care and middle market buy-out opportunities.'
Mellon Financial Corporation is based in Pittsburgh and has more than $3.7bn in assets under management.
Copyright © 2004 AltAssets
|
