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Blackpine achieves initial $80 million close of PE fund

Simon Osborne
The Shikumen team that recently merged with Crosby Asset Management gets its new illiquid product off the ground on the way to a target of $250 million.

The Blackpine Private Equity Partners Fund has successfully attained its initial close with assets of $80 million, on its way to a target size of $250 million. It plans to reach that figure with the participation of US and European institutions.

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