The vehicle will pursue LP- and GP-led secondaries alongside co-investments, with a focus on the small and mid-market segments.
The deal brings Bow River's $1.3 billion fund onto Apogem's platform alongside its GP-led, LP secondary, and GP stakes businesses.
The Ethereum-based share class follows SEC relief that gives investors in the interval fund another liquidity channel.
One of which, Hamilton Lane Private Secondary Fund, raised its investment capacity by $500 million and saw its NAV climb 1.6x QoQ to $409 million as of March.
The fund has already secured a $125 million anchor commitment from Beedie Capital following its acquisition of a 50% stake in Vistara.
Partners Group Private Equity Fund capped the requests at 5% of NAV, repurchasing ~$760 million of the shares through promissory notes.
Partners Group's decision to impose a 5% redemption cap on its $9 billion private equity SICAV has erased more than 16% of the firm's market value in a single day.
In its latest move, the activist investor has swayed the Schroder UK Mid Cap Fund's Board to conduct a tender offer for up to 100% of the listed trust's ordinary shares.
At least 80% of net proceeds from the transaction will be directed toward a share buyback program aimed at generating liquidity and NAV accretion.
The open-ended private equity fund allows quarterly subscriptions with a minimum investment of €250,000.
