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Time Equities raises $128m

The New York manager closes its fourth fund to acquire whole and partial interests of portfolio assets.

Time Equities held a final close of TEI Diversified Income & Opportunity Fund IV on $128 million. The fund makes opportunistic investments in the United States and Europe alongside TEI’s core capital and has made 16 acquisitions to date. The firm’s prior diversified fund closed in November 2017 at its $70 million target.