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Lingerfelt CommonWealth Partners raises $69.32m

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Lingerfelt CommonWealth Partners has raised $69.32 million for its Lingerfelt Commonwealth Value Fund II, according to a SEC filing. The Glen Allen-headquartered firm began fundraising in 2015 with a $100 million target.

Its previous fund raised $30 million in 2014.

The fund will target value added opportunities in a diverse number of sectors in North America.