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Other - AUGUST 1, 2022

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Banner Ridge Partners raises $639m for special-situations primary fund

by Andrea Zander

Banner Ridge Partners, a multi-strategy, private-equity-investment firm with more than $3.8 billion in assets under management, has completed fundraising for Banner Ridge DSCO Fund II (DSCO II) at its hard cap with $639 million of total commitments.

DSCO II is the successor fund to Banner Ridge DSCO Fund I, the strategies’ inaugural fund, which closed at its $300 million hard cap in 2021. DSCO II, will target commitments to private-equity funds, co-investments and early secondaries with strategies characterized by distressed, special situations and credit. DSCO II received capital commitments from a wide range of institutional investors, including public and private pension funds, RIAs, and several prominent family offices. This is the fourth fundraise since the firm became an independent business in June 2019.

“The DSCO platform at Banner Ridge is instrumental to our strategy of developing long-term relationships with best-in-class private equity managers,” said

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