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PRINT THIS PAGE Schroder Private Equity Fund of Funds III holds first close on €167m10/10/2005. Source: AltAssets. 
 Schroder Private Equity Fund of Funds III has held a first close on €167m. A final closing is expected in March 2006. The fund is advised by SVG Advisers, the fund management business of SVG Capital.
The exact target size has not been announced but the target is in the area of €285m, the size of the second Schroder Private Equity Fund of Funds, raised in 2004.
SPEFOFIII has been structured to meet the requirements of both small and large institutions, and high-net-worth individuals. It will be listed on the Irish Stock Exchange.
SPEFOFIII has received commitments from a diverse group of investors, both in terms of geography and type, including UK pension schemes. Invedded, 'We are delighted with the success of fundraising to date. To have received commitments of €167m so quickly after the launch is testament to the performance of the first two fund of funds and the investment process of the team.'
SVG Advisers has combined funds under management and commitments of approximately €1.7bn.
Schroders is a global asset management company with £112.1bn under management.
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