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MLC Private Equity, a division of NAB Asset Management, has closed the fundraising round of its new fund at $160 million.
According to a statement, fund raising for MLC Private Equity Fund II targeted high-net-worth individuals and family offices and closed oversubscribed.
Commenting on the fund raising, MLC head of private equity Alicia Gregory said, “We’re delighted with the strong support we have received from HNW investors and family offices for the MLC Private Equity Fund II raising, and to close oversubscribed is an endorsement of our experienced program.”
Ms Gregory added that relationships, forged across the globe over 20 years, allowed investors to access markets they wouldn’t have otherwise on their own.
“These unique relationships have given us early access to many great businesses, including venture capital investments in companies like Facebook and Uber,” she said.
The $160 million in funds raised would go towards global investments with a specific focus on Europe and North America, she said.
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