Access Holdings raises $340m in first PE fund

Baltimore-based private equity firm Access Holdings announced the final close of its inaugural fund with $340 million from 15 institutional investors.

The original target for Access Holdings Fund I was $250 million, and officials said the oversubscribed fund attracted assets despite the challenging circumstances surrounding COVID-19 pandemic restrictions and the significant drop in the number of first-time private equity fund closings.

“We are humbled by the confidence our new and existing investors have placed in us,” Access Holdings Founder and Managing Partner Kevin McAllister. “I’m incredibly proud of our team’s . . .

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