The firm's fourth program closed at $472 million and will target lower-middle- and middle-market opportunities through secondaries, co-investments, and direct investments.
The €120 million vehicle is backed by anchor investor CommonWealth Investments, alongside Blue Earth Capital and Swisscanto.
Fundraising momentum continues for the energy-focused investment firm's sophomore vehicle.
Its predecessor raised over $300 million in capital commitments, closing at twice its target earlier this year.
The energy-focused secondaries firm closed its oversubscribed debut vehicle in November 2025, securing $430 million in capital commitments.
"Since launching our first energy secondaries fund in 2023, we have raised nearly $350 million and deployed over $250 million," said CEO Brian Casey.
The newly launched firm provides liquidity solutions for energy and infrastructure sponsors and management teams.
The firm recently completed its largest secondary fundraise to date, securing $4.2 billion in capital commitments for Banner Ridge Secondary Fund VI.
In an interview with SecondaryLink, Westwood's Greg Reid discusses strategy evolution and the forces driving opportunity in energy secondaries.
The new vehicle closed at twice its target and has already deployed two-thirds of its capital.
