Capital Dynamics closes global secondaries fund at $786m

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.

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