Canterbury Consulting Inc., a Newport Beach-based financial consulting group best known for advising family offices and non-profit organizations, is raising $82 million for a new fund to target private equity fund opportunities.
“It will provide investors with the opportunity to invest in private equity strategies that implement material change versus basic cost-cutting and financial engineering,” Canterbury Director of Research Stuart Blair told the Business Journal.
"The majority of our clients that gave us indications of interests have come through” on their commitments to this fund, Blair said, adding that the fund raise is expected to be completed by the end of June.
It also raised $350 million in a bond fund during the past six months, Blair said.
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