Australia's Allegro hits overall target with Fund IV first close
Allegro Funds, an Australia-based turnaround specialist, has reached a first close of A$600 million ($449 million) on its fourth fund, hitting the overall target for the vehicle.
The corpus is split between a A$500 million core fund and a A$100 million sidecar that allows the firm to flex up and target larger deals. Fund III, which closed in late 2017, has a similar structure:...
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