Accolade Partners Raises $150M For 4th Fund Of Funds

Law360, New York (September 19, 2013, 11:34 AM EDT) -- Washington, D.C.-based alternative investment manager Accolade Partners has closed on $150 million for its fourth fund of funds and plans to build a portfolio of roughly 15 U.S. venture capital and growth equity funds, Accolade said Thursday.

The fund of funds firm raised capital for Accolade Partners IV from endowments, foundations, financial institutions and high-net-worth individuals. Accolade plans to continue its so-called contrarian approach, focusing on funds that invest in sectors not in vogue with the market.

"We are excited, and grateful for the support and...
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