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July 03, 2019  

Borealis Seeding Vehicle Gains Momentum

Borealis Strategic Capital has raised about $175 million for a vehicle that supplies new and emerging fund managers with seed or acceleration capital.The Chicago firm, led by former Aurora Investment executive Scott Schweighauser, aims to hold a final equity close by yearend with a total of $400 million, including co-investment capital. Borealis is joining a small field of active seeding-fund managers including Blackstone, Stable Asset Management...

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