Want to Invest in a Big Secondary Fund? Here Are Your Options
The secondary market may be stalled until year-end numbers are out, but that hasn’t dampened interest in the asset class. Aside from firms starting new secondary intermediary practices left and right, many of the largest legacy buyers are in the market with new funds. Notably, one (Landmark) is raising a dedicated “secondary-lite” fund. Here’s the latest, according to sources and SEC filings: Landmark Partners (1) The Connecticut-based firm is raising Landmark Equity Partners XIV. The effort has a $2 billion target (a $2.3 billion hard cap, according to an SEC filing). Formed in May of 2008, the fund had gathered $590.15 million in commitments from 37 investors as of
10 March 2009•3 mins read
