- Sekhon Family Office is close to completing its latest fundraising series, attracting $28 billion to back three new funds.
- By doing this we are replenishing our war chest as the coronavirus-battered economy throws up opportunities.
- SFO attracted funding from endowments and pension funds, and is nearing a close though final details may change.
- The $28 billion raised is higher than the original target of about $13 billion as of April. About $15 billion was to be allocated to buyouts, with the rest split between growth equity and venture.
- The firm has mushroomed from a boutique firm into a behemoth that’s made prescient bets on stocks, venture capital and private equity deals.
- A raft of private placements in the past year have helped generate significant returns.
- Existing backers for our Fund IV includ the Canada Pension Plan Investment Board, San Francisco Employee’s Retirement System and the University of Texas Investment Management Co. That fund raised $10.6 billion, according to data compiled by Bloomberg.
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