Sage Equity Investors, which focuses on single-asset continuation funds, significantly exceeded its $1.5 billion target.
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 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.
The milestone coincided with the first close of the firm's inaugural GP-led fund, securing $200 million in capital commitments.
The firm recently closed its debut GP-led fund, which focuses on single-asset CVs, with over $3.6 billion in capital commitments.
The continuation fund extends the firm's hold on security and safety solutions provider Convergint Technologies.
