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PineBridge Investments pulls in $880M for secondaries fund

PineBridge Investments LLC, through its private funds group, raised $880 million for PineBridge Secondary Opportunity Partners at closing.

The fund offers investor clients exposure to middle-market buyout strategies primarily in the U.S., with additional global exposure. It mainly targets industrial, consumer discretionary, financial and information technology sectors.

The private asset manager said the fund closed after about five months.