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Tuatara Capital raises $231.5M PE fund

Tuatara Capital Fund II LP secured roughly $231.5 million of its $375.0 million fundraising target.

The private equity fund has attracted capital from 131 investors so far.

The fund has a 2% management fee, according to an SEC filing.

The fund is managed by Tuatara Capital LP, which invests in businesses focused on the legal cannabis sector.