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Article: Private Equity Boost for SLI.
- Article from:
- Business Wire
- Article date:
- August 25, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BOSTON -- SL Capital Partners LLP (SLCP) today announced the [euro]520m ($780m) fourth close of European Strategic Partners 2008 (ESP2008), its latest private equity fund of funds. The final close of ESP2008 is likely to take place in March 2009.
Total funds raised during 2008 stand at [euro]670m ($1,005m), including two segregated mandates totalling [euro]150m ($225m).
David Currie, Chief Executive of SLCP, said:
"It is pleasing to note that despite a difficult fund raising environment due to the credit crunch and steep declines across nearly all asset classes, ESP2008, our 15th fund of funds product, has attracted interest from new investors, ...