The London-based startup aims to address private credit's fund-level liquidity, which remains constrained by available cash and redemption terms.
Donerail Private Markets will target large secondary trades in late-stage private companies, with a focus on AI, enterprise software, and fintech.
The partnership will also develop products for wealth investors, beginning with an evergreen private equity secondaries fund expected in the coming weeks.
The inaugural North Haven Growth & Innovation Fund provides flexible capital across primary and secondary transactions, including company-led liquidity solutions.
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.
We highlight key features of the newly registered interval fund, which will combine public growth investments with private-market exposure, including secondaries and co-investments.
