Secondaries private equity specialist Kline Hill Partners is within touching distance of its $1bn maximum for its fourth fundraising series.
The firm has picked up $915m across a trio of vehicle making up its fourth fund, document filed with the US securities regulator show.
Kline Hill is eyeing up to $1bn across the three vehicle, Secondaries Investor reported, citing a source it said was close to the fundraise.
The firm collected $600m for the final close of its third fund in 2020.
Kline Hill closed its second fund on $350m two years earlier, after previously targeting up to $300m.
The firm’s debut fundraise struck a $180m hard cap in 2017, easily surpassing the $120m target fund size.
Kline Hill was launched in 2015 by Michael Bego, a former partner at US investment fund manager Willowridge.
The firm’s focus includes buyout, venture, energy, real estate and credit through limited partnerships and direct secondaries, according to its website.
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