Banner Ridge Partners Targets $600 Million for Latest Secondary Fund

Banner Ridge Partners is prepping its next secondary fund a little more than a year after collecting $550 million for its debut fund.

Banner Ridge’s new secondary fund is targeting $600 million, according to people familiar with the matter. However, the firm could raise as much as $1 billion for the fund, the people said.

Banner Ridge Partners is an alternative investment specialist that identifies best-in-class private equity managers in niche markets. Banner Ridge is led by a senior team with significant private markets experience and invests by targeting deep value opportunities, focusing on fragmented markets and working through structural complexities.

Source: Wall Street Journal