Private equity manager Lunar Capital has made the first closure of its latest private equity fund, Lunar Capital Partners 3, having raised around half of the targeted fund size of $150 million.
The plan is to further increase the impact of that capital by bringing in a further sum of about the same amount by way of a co-investment pool. In that pool, Lunar investors would invest money directly into portfolio companies. Investors currently comprise family offices and smaller university endowments, and the fund manager is starting to see more interest from larger pension funds and ...