March 3, 2009
ABRY Partners has closed its ABRY Advanced Securities Fund at $700 million. The fund will make investments in first and second-lien debt of non-investment grade media companies. The firm plans to use about 25% leverage for its investments and has set a target gross return of 20%. Limited partners in the fund include HarbourVest Partners, Pennsylvania State Employees Retirement System, and the San Francisco Employees' Retirement System.
© 2022 PitchBook. Win what’s next. All rights reserved.