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Allegro Funds gets $750 million Fund IV, adds to $26b dry powder

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Chester Moynihan, Adrian Loader and Fay Bou’s mid-market private equity firm Allegro Funds has capped off a $750 million raise for its fourth buyout fund.

, hydraulic pumps business Questas and diagnostic imaging group Perth Radiological Clinic.

The annual tally, done by Preqin, found there was $90 billion in assets under management with private capital managers at June 2021, which was 11 per cent higher than the six months to December 2020. Together the private capital managers had $26 billion of uncommitted capital at end of the 2021 financial year, which was lower than the year before - indicating there was a lot of deal making in the period. You can throw Allegro’s $750 million on top.

 

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