Milford to close out new $150 mln private equity fund early

Tue, 20 Dec 2016

By Paul McBeth Dec. 21 (BusinessDesk) - Milford Asset Management will close out its recently launched private equity fund earlier than planned after finding more investor interest than expected. The fund manager raised $100 million from new and existing clients which its private equity team, headed up by investment directors Brooke Bone and John Johnston, will co-invest with up to a further $50 million from Milford's active growth fund. Bone said the co-investment with Milford's own active growth fund meant it didn't need a large ins...

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