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  • Bill Herr

Multi-Sector Private Equity Portfolio positioned to be well-balanced in 2017

Our partner, a global asset manager, has provided the following 3Q16 update for investors in the Growth Series.

The asset manager invested $111.9 million into 14 assets, comprised of three Managed IT Services Portfolio Companies, two Special Situations Portfolio Companies, eight Debt Strategies instruments, and stock of one company obtained from Debt Strategies.

The asset manager deployed capital efficiently throughout 3Q16, placing over $40 million toward the acquisition of controlling equity interests in three Portfolio Companies. In 4Q16, the fund plans to make its initial Automotive Retail acquisitions, and has additional targets under due diligence across the Managed IT, Special Situations and Debt Strategies sectors. As a result, the asset manager expects the Holdings II portfolio to be well-balanced heading into 2017.

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