Perella Weinberg

Perella Weinberg snags $225 million for new fund

August 19, 2013: 4:21 PM ET

Perella_weinberg_partnersPerella Weinberg Partners passes halfway point on new growth equity fund.

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.

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