The company's fourth co-investment PEC IV fund, launched over a year ago, closed above $600m

Hermes GPE has raised $1.6bn for private equity investing, in a combination of co-investment and pension funds commitments.

The company closed its fourth co-investment PEC IV fund, launched over a year ago, above $600m. The vehicle was oversubscribed from its initial $350m target and an original hard cap of $450m. PEC IV has already committed $220m to 24 investments in growth-oriented companies and structural investment themes. The company’s third vehicle, PEC III, 

Hermes raises $1.6bn for private equity investing

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