Pohutukawa II private equity fund raises $82.5 million 4 March 2009

Direct Capital and ABN AMRO Craigs today announced the initial public offer by Pohutukawa Private Equity II Limited (Pohutukawa II) has raised $82.5 million.

Neil Craig, ABN AMRO Craigs Executive Chairman, says, "To raise $82.5 million in the current market, including over $22.5 million in oversubscriptions is an exceptional result in extraordinarily tough market conditions. These investors understand that the next 3-4 years are likely to represent a period of very good investment opportunities for well-capitalised businesses."

You can read the full media release here.