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Schroders' fund of funds on track to hit €250m

Schroders' fund of private equity funds is on track to meet its €250m ($295m) target in the next six months after a first close of €110m.

The money raised by Schroders Fund of Funds II has already been put to use in such high-profile funds as Permira Europe III, Europe's largest buy-out fund at €5.1bn, and Abingworth, Europe's biggest bioscience fund raising €325m.

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