Time Equities raises $128m

• Fund name: TEI Diversified Income & Opportunity Fund IV
• Amount raised: $128 million
• Target size: $100 million
• Time on the road: Two years
• Predecessor fund: TEI Diversified Income & Opportunity Fund III

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.