NewVest, a private markets index manager, raised $180 million for the second vintage of its private equity index fund, a 30% increase over its predecessor fund. NewVest’s firmwide AUM is now $430 million.
“We believe there is great potential for a passive approach in private markets to deliver some of the benefits seen in public markets, such as lower costs, greater diversification and reduced volatility of expected returns over the long term,” Edward Talmor-Gera, founder and CEO of NewVest, said. “With NewVest PE50 2024 and our strategic partnership, we continue to innovate and improve the design of our products and the efficiencies of our index construction process, as well as develop liquidity solutions for our investors.”
