03-04-2025
- Business
- Wall Street Journal
Sequoia Heritage-Backed RenWave Kore Raises Nearly $1.3 Billion for Debut Fund
RenWave Kore, a private-equity firm founded by an alumnus of activist investor Elliott Investment Management, has wrapped up fundraising on one of the largest first-time private-equity funds in recent years.
The Greenwich, Conn.-based investment firm collected $1.26 billion of commitments for Ren Fund I with backing from investors including Liberty Mutual Insurance and the University of Chicago endowment, according to an extract of a letter to the fund's investors seen by The Wall Street Journal.
