WSJ – Sweetwater Collects $350 Million for First Independent Secondary Fund

The firm collected roughly half of its fund after the onset of the COVID-19 pandemic in March

by Laura Cooper

Sept. 30, 2020

Sweetwater Investment Management has collected $350 million for its first independent secondary fund, defying a challenging fundraising environment. The secondary firm, which does business as Sweetwater Private Equity, was still marketing the fund- and had collected just under $150 million – when the coronavirus pandemic hit, according to founder and Managing Partner James Garmett.

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