Section Capital V makes direct equity investments in late-stage technology companies through primary and secondary transactions.
The strategy is reportedly targeting $1 billion, three years after General Atlantic took a minority stake in Clipway.
Coordinated by KOFIA, the initiative aims to support venture exits and recycle capital through direct investments and a joint fund.
Founded in 2000, Saints Capital specializes in venture secondaries with a focus on GP-led transactions.
The alternative asset manager, which has begun the process of listing in India, is reportedly targeting $131 million for the strategy.
LTC Invest Fund V, which is targeting $250 million in size, is reportedly anchored by Founder and CEO Konstantin Sidrov and Revolut Chairman Martin Gilbert.
Its 2024 predecessor set the record for the strategy after closing with $3.3 billion in capital commitments.
The alternatives manager also gave updates on the fundraising status of several other secondaries strategies spanning private equity, GP-leds, venture capital, and infrastructure.
The firm's largest fund to date will invest across direct secondaries, company-led tender offers, bespoke structured investments, and select primary financings in growth-stage tech companies.
The firm is eyeing up to $150 million in final commitments to pursue late-stage secondary deals across India and Southeast Asia.
