Cipio Partners has closed its newest portfolio at €137 million, AltAssets reports. The European direct secondaries investor has closed the fund below its original target of €200 million.

The Cipio Partners Fund VI received commitments from institutional investors, family offices and the GP team, and continues to lead the firm’s strategy of acquiring portfolios and single stakes in direct investment assets. The portfolio was previously closed at €61 million in June 2009.

Click here for the story from AltAssets.