Glendower Capital closed Glendower Capital Secondary Opportunities Fund IV at $2.7 billion, the private equity manager announced in a news release on Wednesday.
The manager's global secondary private equity fund was its first to raise funds since the firm spun off from Deutsche Bank in 2017. The previous fund, DB Secondary Opportunities Fund III, closed at $1.66 billion in 2014.
Investors include the $854 million St. Louis Public School Retirement System.
Glendower Capital officials could not be immediately reached to provide further information.