Swiss investment firm Capital Dynamics has held a final close for its latest secondaries fund at $786m, above the original $700m target, the firm said.
The vehicle, Capital Dynamics Global Secondaries V (GSEC V), was launched in 2018 and it is also considerably larger than its predecessor, which closed at $564m in 2016.
The fundraising comes at a moment when the market is going through a ‘renaissance’, said Joseph Marks, the firm’s head of secondaries.
The fund will focus on smaller off-market opportunities sourced on a global basis across a wide range of transaction types, including LP interests, fund recapitalisations and structured portfolio solutions.
Capital Dynamics is an independent global asset management firm focusing on private assets including private equity, private credit, and clean energy infrastructure.
Source: Private Equity News
Can’t stop reading? Read more
MasOrange, Vodafone, and GIC launch $5bn-backed FibreCo to build Spain’s largest fibre network
MasOrange, Vodafone, and GIC launch $5bn-backed FibreCo to build Spain’s largest fibre network...
TPG divests legal tech unit Elite to Francisco Partners
TPG divests legal tech unit Elite to Francisco Partners Francisco Partners has agreed to acquire...
J.P. Morgan lands private equity mandate from Colonial First State
J.P. Morgan lands private equity mandate from Colonial First State Colonial First State has...