FORTUNE -- In March we reported that investment bank Perella Weinberg Partners was raising $400 million for a growth equity fund, led by former Weston Presidio partners Chip Baird and David Ferguson.
Now Fortune has learned that the firm already has secured $225 million, from both a first close and subsequent capital commitments.
The group -- called PWP Growth Equity -- expects to hold a second close by year-end, which may prove to be the final one.
No comment from PWP, citing SEC restrictions on solicitation.
Sign up for Dan's daily email newsletter on deals and deal-makers: GetTermSheet.com
New platform seeking $400 million for debt fund.
FORTUNE -- Boutique investment bank Perella Weinberg Partners is looking to raise $400 million for a new fund focused on growth equity investment opportunities, Fortune has learned.
The new effort is being called PWP Growth Equity, and is led by former Weston Presidio partners Chip Baird and David Ferguson. It plans to invest between $15 million and $50 million into growth-stage companies within the retail, restaurant, consumer, manufacturing MOREDan Primack - Mar 7, 2013 10:08 AM ET
Fashion To Figure raises $18 million from Perella Weinberg Partners.
FORTUNE -- Plus-sized women's apparel retailer Fashion To Figure has quietly raised $18.2 million in private equity funding, as first disclosed in an SEC filing.
Perella Weinberg Partners led the deal, out of its new growth equity investing practice. Chip Baird and David Ferguson, both of whom joined PWP last year from private equity firm Weston Presidio, have joined the Fashion To Figure board of MOREDan Primack - Feb 13, 2013 2:10 PM ET
|GM's $1.3 billion recall cost wipes out profit|
|Taxpayers are subsidizing CEO pay - The Buzz|
|Regulators pave way for Internet "fast lane" with net neutrality rules|
|Will 7 Apples a day keep the bears away? - The Buzz|
|Female gun instructors in hot demand|