CIP IV had its final close in October 2002 and is now fully invested. At $2.6 billion, it was the largest secondaries fund of its time, with commitments from over 160 of the world's leading financial institutions.
Investors include US state pension funds, corporate pension funds, university endowments, charitable foundations, insurance companies and sovereign investment authorities. Six investors have commitments to CIP IV of $100 million or more.
The fund is advised by a truly multinational team with a global reach.
CIP IV's key investments included acquisitions from Deutsche Bank, Dresdner Kleinwort Benson, AEA Technology and Abbey National bank. (At $900 million, the Abbey transaction was the largest unsyndicated secondaries investment of its time)