Pinebridge Investments has closed its latest secondaries fund, PineBridge Secondary Partners IV, at $568m (€460.3m).

The fund received commitments from LPs in the Americas, Asia, Europe and the Middle East.

It will be invested in small to mid-sized transactions in the developed and emerging markets.

PineBridge had raised at least $242m towards the fund by July 2017, Real Deals reported.