CFO Jeff Armbrister, said, "Our latest secondary fund represented our largest institutional fundraise and thus generated the largest amount of retro fees in our history during the fiscal year 2024 and the first quarter of fiscal 2025."
The second vintage of the secondary strategy has reached half of its €500 million target, and the programme has completed five investments across GP- and LP-led transactions.
TrueBridge Secondaries II will invest in venture funds and direct secondary transactions involving venture-backed companies.
The firm has appointed Loïc Beaumont as Head of Private Equity to lead the initiative that targets LP-led secondary positions in European buyout funds.
The closed-end fund will invest across PE buyout and growth alongside opportunistic GP-and LP-led secondaries, with commitments starting at €5,000.
The "secondaries of secondaries" strategy targets existing investors' interests in private equity secondary funds.
Secondary Opportunities Fund VI will target buyout fund investments in the private equity secondaries middle market.
The firm is looking to match the size of its predecessor, which closed in 2023 with $22 billion in capital commitments.
The India-focused vehicle has a target size of $75 million and will allocate capital across primaries, secondaries, and co-investments.
The firm's secondaries business topped the $100 billion AUM milestone during the first quarter.
