Fund Managers

PineBridge raises one fifth of target in two years

Placement agent Roam Capital claims the firm had been scheduled to hold a $375m final close in September 2012 on its website, yet SEC filings show the firm has raised just $79m to date.

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PineBridge Investments has raised at least $78.75 million towards $375 million target for its Credit Opportunities Portfolio II vehicle, according to US Securities and Exchange Commission documents filed last week. 

The firm has been in the market with the fund of funds for at least two years, according to the filings, which also indicate that PineBridge has raised just $10 million for the vehicle since April 2012.