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50 South Capital Closes Two Oversubscribed Flagship Private Equity Funds Totaling Over $2 Billion

1. 50 South Capital exceeded fundraising targets, closing two private equity funds. 2. PESOF V raised $1.2 billion; PECF XI raised $893 million.

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FAQ

Why Bullish?

Strong fund closings indicate robust performance and confidence in NTRS's investment management, historically correlating with improved stock prices during successful fundraising periods.

How important is it?

Successful fund closings enhance Northern Trust's market position and investor confidence, leading to potential stock appreciation.

Why Short Term?

The immediate financial inflow from the funds may positively impact NTRS's stock in the next quarter.

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CHICAGO--(BUSINESS WIRE)--50 South Capital Advisors, LLC (“50 South Capital”), Northern Trust Asset Management's global alternatives investment manager, announced the final closings of two of its flagship private equity funds, both significantly exceeding their fundraising targets. Private Equity Strategic Opportunities Fund V (“PESOF V”) closed with $1.2 billion in commitments and Private Equity Core Fund XI (“PECF XI”) closed with $893 million in commitments, with investors across wealth, fam.

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