Landmark Partners has raised $223.5 million to date for its Landmark Private Equity Secondaries Fund XVI, per a SEC filing. The Simsbury-headquartered firm has set a $4 billion target and began fundraising in 2016. The SEC filing did not disclose whether the capital raise constituted a final or interim close.
Its previous fund raised $3.25 billion in 2014.
Investors that committed to Landmark Private Equity Secondaries Fund XVI include the New Mexico State Investment Council, the Employees' Retirement System of the State of Hawaii and the Employees Retirement System of Texas.
The fund will target secondaries opportunities in a diverse number of sectors globally.