Accretive Accretes $125 Million

Wade Roush7/21/08

Accretive Exit Capital, which helps venture capital and buyout firms by buying their stakes in companies they’re tired of managing or that they’re eager to monetize, said today that it has closed its first fund, totaling $125 million. The firm, based in Boston and West Palm Beach, FL, says that the fund, put together in just 45 days, is the largest first-time fund ever raised in the so-called “secondary private equity” market.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com or follow him on Twitter at twitter.com/wroush.