Diversified Trust has held a final close of DTC Private Equity VI LP and DTC Private Equity VI-Q LP (together Fund VI) with combined capital commitments of $156 million. Fund VI is the largest fund closed to date for Diversified Trust and exceeded the target of $150 million.
Including Fund VI, the Diversified Trust private equity program consists of six funds and a total of $645 million in capital since the program’s inception in 2002. As with past funds, Fund VI will pursue investments using a multi-manager model with a target allocation of capital to approximately 20 to 25 private equity and venture capital fund managers across multiple vintage years.
“We are pleased with the results of the fund’s final close,” said Carol Womack, Principal and Head of Private Equity at Diversified Trust. “The total commitments represent what was truly a firm-wide effort to utilize private equity as a tool to create diversified investment portfolios to help our clients and employees achieve their financial objectives.” Investors in Fund VI include 200 limited partners consisting of both clients and Diversified Trust employees.
Diversified Trust is an employee-owned wealth management firm. The company manages more than $6.5 billion of assets for its clients which include individuals, multi-generational families, family offices, foundations, endowments and retirement plans. Diversified Trust has offices in Atlanta, Greensboro, Nashville and Memphis (www.diversifiedtrust.com).
© 2018 Private Equity Professional | July 23, 2018