Orchid targets $900m for Fund VII, PSERS re-ups
Orchid Asia is targeting $900 million for its seventh fund and has won a $75 million commitment from Pennsylvania Public School Employees’ Retirement System (PSERS). It expects to do a first and final close in November.
The pension system invested the same amount in Orchid’s previous fund, which launched in March 2014 with a target of size of $750 million and closed five months later at the hard cap of $920 million....
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