The "secondaries of secondaries" strategy targets existing investors' interests in private equity secondary funds.
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.
Secondary Opportunities Fund VI will target buyout fund investments in the private equity secondaries middle market.
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.
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.
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 London-based manager has completed five tertiary transactions to date, acquiring more than $700 million in NAV across multiple private equity secondary funds.
The global impact investor's debut fund for secondaries reached a first close anchored by France's development finance institution Proparco.
