American Beacon Raising Third Fund-of-Funds

American Beacon Advisors is raising up to $250 million for its third private equity fund-of-funds, according to a regulatory filing. The vehicle is called American Private Equity Partners III, and so far has secured over $13 million in capital commitments. Foreside Fund Services is serving as a placement agent.

The Fort Worth, Texas-based firm’s second fund-of-funds closed on $145.7 million in July 2006. www.aafunds.com