The series' inaugural fund, which focuses exclusively on GP-led secondaries, is already 85% committed.
SecondaryLink outlines the IRRs and multiples for two secondaries series and continuation vehicles managed by TPG.
The 2025 SecLink Awards winner has returned $4.6 billion of capital to investors through five strip sales over the past two years.
The firm's second dedicated fund for the strategy exceeded its $1 billion target, bringing total single-asset CV investment capacity across its secondaries platform to $7 billion.
The vehicle aims to build a portfolio of around 15 middle-market companies, primarily in Europe, through GP-led secondary strategies and direct minority co-investments.
The Sydney-based manager has launched its inaugural fund, targeting investments across five AI growth vectors.
"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.
The London-based manager has shelved plans for the strategy's mid-market version, to avoid overlap with the upcoming large-cap vehicle.
SecondaryLink outlines the IRRs and multiples for two secondaries series and continuation vehicles managed by TPG.
SecondaryLink outlines the IRRs and multiples for two secondaries series and continuation vehicles managed by TPG.
