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Institutional Investor earlier reported the news of the fund closing.
Yesterday, Janus Capital closed its flagship Janus Fund to new investors, its fifth fund closing this year.
WALL STREET JOURNAL Berkshire Said to Raise Bigger Fund | Berkshire Partners has raised 50 percent more than expected for its latest fund, closing it at $4.5 billion, Bloomberg News reported, citing unidentified sources.
With the Educational Maintenance Allowance (EMA) being abolished, and the Future Jobs Fund closing in March, analysts fear the youth unemployment crisis will deepen further in the months ahead.
Silver Lake Partners, which specializes in technology buyouts, has swept past its $7.5 billion target for its latest fund, closing with $9.3 billion, according to a report on peHUB.
Firms are closing new funds almost exactly 24 months to the date from their last fund closing.
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The fund closed its Chicago office last January.
Bidding for funding from next year's fund closes in January.
Finances: The Best Banks The small-business lending fund closes with $4 billion distributed.
Blackstone's most recent buyout fund closed in January with $16 billion in capital commitments.
Standard Life reviewed the closure after 28 days and decided to keep the fund closed.
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CEO of Professional Science Editing for Scientists @ prosciediting.com