Leo Hindery’s InterMedia fund holds close

InterMedia Advisors, the private equity partnership established by long-time media executive Leo Hindery Jr., has held an interim close on its inaugural fund, a $1.5bn targeted vehicle.

InterMedia Advisors has held an interim close on its debut fund, according to a filing with the Securities and Exchange Commission. The fund, InterMedia Partners VII, closed on $241 million (€199 million) of targeted $1.5 billion.

Leo Hindery Jr., founder, InterMedia Advisors

Leo Hindery Jr. announced the launch of InterMedia Advisors in the first quarter of 2005, partnering with Peter Kern, a former executive at Alpine Capital.

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