Edgewater Moves Closer to $650M Target

Edgewater Funds has raised $363.2 million so far for its Edgewater Growth Capital Partners III fund, which has a $650 million target. The fund's predecessor, Edgewater Growth Capital Partners II, closed on $470 million in 2006 and had an IRR of 7.59% as of 3Q 2010. Edgewater Growth Capital Partners primarily invests in companies with revenues of $20 million to $500 million.