Wafra Inc, an investment firm backed by Kuwait’s public pension fund, said on Monday it has raised $1.5 billion for its fourth flagship fund that will acquire minority stakes in alternative asset managers such as private equity firms.
The new fund, Capital Generation IV, will seek to acquire minority stakes in “lower middle-market” firms with less than $3 billion in assets under management, Daniel Adamson, a Wafra senior managing director, said in an interview.
