The closure marks the largest NAV loan fundraise to date, according to the firm.
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 former Reed Smith fund finance counsel advises on a full range of products, including subscription, NAV, GP, co-invest, management line, and continuation vehicle financings.
In July, the firm closed its debut program targeting the strategy with more than $5.5 billion in capital commitments.
The Norwegian manager's latest €445 million hybrid investment vehicle is already 70% deployed, SecondaryLink has learned.
The manager plans to be in the market with a fund from each of its flagship series, including secondaries and fund finance, within the next 24 months.
Builders Vision, iAlumbra Capital, and Sonen Capital have joined the investor base as the fund continues deploying capital.
The Euronext Amsterdam-listed manager is also preparing to launch two additional products focused on credit and infrastructure secondaries.
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.
