Keyhaven Capital has held a first close for its Keyhaven Secondaries Fund II, Secondaries Investor has learned.
The firm held a “significant first close” on Keyhaven Secondaries Fund II, which is targeting €350 million, according to a source familiar with the fundraising. A hard-cap has not been set.
Fund II will follow a similar strategy to its predecessor, Keyhaven Secondaries Fund I, which has invested in funds, portfolios of funds and direct secondaries in the European small-cap market. The firm executes most of its deals through its relationships with general partners, avoiding auction processes.
Read more by visiting www.secondariesinvestor.com.