ACP began fundraising in November 2019 with an initial target of $400 million and closed at the offering’s hard cap of $450 million. With the closing of ACP II, Align Capital Partners has raised more than $775 million since the firm’s founding in 2016.
The New York State Common Retirement Fund’s estimated return in the third quarter of the State Fiscal Year 2019-20 was 5.28% for the three-month period ending Dec. 31, 2019, with an estimated value of $225.9 billion, according to New York State Comptroller Thomas P. DiNapoli.
Fund VI was oversubscribed and closed at its hard cap with significant upsizing by existing investors and by adding several new institutional investors.