BEX raises largest secondaries FoFs

French firm BEX Capital closed its fourth private equity fund in just three months that it says is the largest fund of funds ever for secondaries.

At $765 million, BEX Capital's fourth fund is the largest pool of capital solely dedicated to FoF secondaries and will make individual investments ranging from $5 million to $1 billion. At the larger end of this scale, BEX Capital will draw support from its core group of investors.

BEX Fund IV surpassed its hard cap in its first close. Officials said that investors, both existing and new, were . . .

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