Homrich Berg to consider secondaries

The wealth management firm is targeting $40m for its 2015 Opportunities Fund.

Wealth management firm Homrich Berg will consider secondaries investments for its latest opportunities fund, Secondaries Investor has learned.

Homrich Berg declined to comment.

The firm’s 2015 Opportunity Fund is a fund of funds that will invest on behalf of Homrich Berg clients, which are US-based family offices. It has a $40 million target, a source with knowledge of the situation said.

The fund has an opportunistic mandate across private equity, private debt, real estate and natural resources. Secondaries investments across the asset classes will be made on a selective basis.

Atlanta-based Homrich Berg manages more than $3 billion for its clients, which consist of corporate executives, entrepreneurs, foundations and not-for-profit institutions, according to its website.

Another family office investor Connection Capital recently sealed its first secondaries fund commitment. Last year it committed €3 million of its clients’ capital to 17Capital’s €500 million Fund III.