Tertiary Liquidity
Since 1990, over $65 billion, as estimated by the General Partner, has been raised in over 100 different secondary funds. As the investor base in secondary and fund-of-funds has grown, so has the need for liquidity by their investors. Secondary managers are not likely to grant consents to competitors to buy interests in their secondary funds. However, because of the complementary nature of the Fund and the broad relationships of the Principals, the Fund is uniquely positioned to provide transfer solutions in this growing market niche.