The Seoul-based financial services firm provides brokerage, trading, investment banking, asset management, and advisory services.
The strategy is reportedly targeting $1 billion, three years after General Atlantic took a minority stake in Clipway.
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.
As part of its broader mandate the fund will reportedly serve as a national-level secondary vehicle, acquiring company stakes to provide strategic industries with patient capital.
The firm is eyeing up to $150 million in final commitments to pursue late-stage secondary deals across India and Southeast Asia.
The oversubscribed vehicle will make sub-€20 million investments exclusively in European VC funds.
This will be the first of several planned vehicles aimed at advancing secondary market activity, primarily in the Japanese market.
RGCM Fund 1, which targets venture-backed company directs, attracted investments from several institutional LPs including Japan Investment Corporation.
The Category II AIF targets pre-IPO and secondary market opportunities in India.
