The 2023 predecessor vehicle, LP Secondaries I, raised $1 billion in capital commitments, according to SecLink Data.
The Geneva-based firm targets late-stage single-asset secondary investments across technology and digital ventures.
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.
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.
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.
The manager's debut vehicle, which closed in December, primarily targets secondary LP interests across special situations credit, direct lending, and infrastructure-like private equity.
Clipway Secondary Fund I focuses on LP-led secondary transactions in North American and Western European buyout funds.
SecondaryLink outlines the MOIC, IRR, and DPI of several ICG-managed secondary funds.
