Banc Funds targets $650 mln with Fund X

Banc Funds, private equity, Charles Moore
Photo of Charles Moore courtesy of Banc Funds.
  • New financial services fund has $800 mln hard cap
  • Firm's most recent fund netting 20 pct-plus IRR
  • Fund X to benefit from lower taxes, higher interest rates
Banc Funds Co is back on the market with a new vehicle targeting $650 million for investments in U.S. banks, a Minnesota State Board of Investment memo shows. The fund has an $800 million hard cap. Banc Funds, led by ...

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