Eldrige GP Solutions, which will invest in GP-led transactions, will operate under a new division, Eldridge Capital Management.
The strategy will focus on single-asset continuation vehicles alongside existing sponsor relationships.
Founded by former Nuveen impact PE head Rekha Unnithan, the New York-based firm will pair CV investments with growth capital and separately pursue direct secondaries.
Founded in 2000, Saints Capital specializes in venture secondaries with a focus on GP-led transactions.
The Vantage Private Equity Secondaries Opportunities Fund makes LP-led and GP-led acquisitions, as well as co-investments, across the Australian and New Zealand private equity market.
The single-asset continuation fund was reportedly backed by the California Public Employees' Retirement System, Partners Capital, and Caltech.
The Sydney-based manager has launched its inaugural fund, targeting investments across five AI growth vectors.
The firm's second continuation fund delivers a 9.1x gross MOIC for Equip Capital Fund I's investment.
"We believe this segment will remain a meaningful driver of activity and deployment for our secondary platform going forward," said Co-CEO Erik R. Hirsch.
Key details emerge on the $1.9 billion continuation fund (including earnouts), which was co-led by GIC, StepStone, Apollo S3, and Neuberger Berman.
