The strategy will focus on single-asset continuation vehicles alongside existing sponsor relationships.
NorthSands Capital I targets single-asset continuation vehicles in well-known sectors, including industrials and industrial services companies.
Founded by former Nuveen impact PE head Rekha Unnithan, the New York-based firm will pair CV investments with growth capital and separately pursue direct secondaries.
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 €120 million vehicle is backed by anchor investor CommonWealth Investments, alongside Blue Earth Capital and Swisscanto.
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 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.
Private Equity Continuation Solutions focuses on single-asset CVs primarily across North America and Europe.
