Middle-market private equity firm Accretive Exit Capital Partners announced the final closing of its first fund on Monday with $125 million in commitments after only 45 days of fundraising.
Accretive, formerly Asymmetry Capital, only does secondary investing, acquiring stakes in private companies from other midmarket buyout funds that need to exit their investments before a buyout or an initial public offering occurs. Accretive claims its investment strategy yielded a 75% IRR and a 1.7 times multiple on new capital invested in 18 companies between 2004 and 2007. -
George White
See the firm's Web siteSee press release
