Wed, Dec 8, 2021
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Banner Ridge raises $1bn secondaries fund

Monday, October 25, 2021

Laxman Pai, Opalesque Asia:

Secondaries private equity specialist Banner Ridge Partners has almost doubled its AUM by collecting $1bn for its latest secondaries fund.

Banner Ridge Secondary Fund IV (BRP IV) is the latest fund to be raised as part of the firm's flagship secondary program. The Fund was oversubscribed, receiving capital commitments from a wide range of institutional investors, including pension funds and several prominent family offices. This is the third fundraise since the firm became an independent business in June 2019.

Co-founded in 2019 by Anthony Cusano and C.J. Driessen, who formerly oversaw the distressed equity and special situations business for Siguler Guff & Co., Banner Ridge targets secondary deals involving distressed, special situations, and credit funds.

BRP IV was the third fundraise since the firm became an independent business in June 2019. It hit a $300m hard cap close for its first fund dedicated to primary fund investments in March. The firm's debut independent fundraise, which it termed Fund III, was closed last year on $550m, including $100m from the New Mexico Educational Retirement Board.

Since the strategy's inception in 2010 at its prior firm, the Partners at Banner Ridge have committed over $2.0 billion to over 100 discrete managers focused on distressed, special situations, and credit strategies globally.

Through primary, secondary, and co-investments and by partnering with specialist private equity ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Tiger funds change some stripes, Melvin Capital's comeback plan, What's behind Sachem Head's surge?, One of Asia's oldest hedge funds is buying distressed China debt[more]

    Tiger funds change some stripes From Institutional Investor: Falcon Edge, Light Street, Lone Pine, Viking, and Hound made significant buys and sells in the third quarter. Falcon Edge Capital Management exited its two largest U.S. long positions in the third quarter, according to

  2. SPACs: Hambro Perks eyes first London SPAC listing under new rules, SPACs churn out restatements, again, to correct accounting, Investment manager's SPAC Investcorp Europe Acquisition I files for a $250m IPO[more]

    Hambro Perks eyes first London SPAC listing under new rules From Bloomberg: U.K. venture capital firm Hambro Perks Ltd. aims to raise 140 million pounds ($187 million) listing a special purpose acquisition company in London, in what could be the market's first major blank-check offerin

  3. New Launches: Fundraise for Stonepeak's infrastructure fund reaches $11.4bn, Crypto-focused 10T Holdings to raise $500m in new fund, Stewart Investors' Sustainable Funds Group launches emerging markets sustainability fund, Tilney unveils 'adventurous' multi-asset sustainable fund, PineBridge looks to anchor first-time private equity fundraises with new $334m fund, MTIP holds $250m final close for second fund[more]

    Fundraise for Stonepeak's infrastructure fund reaches $11.4bn From IPE: Stonepeak Infrastructure Partners has so far raised $11.4bn (€10.1bn) for its fourth fund, according to sources that track capital raisings. The amount raised by the Stonepeak Infrastructure Fund IV exceeds

  4. Coinbase co-founder launches biggest VC fund in crypto, Valkyrie launches $100m DeFi hedge fund, Kyle Bass says the big money has been made in bitcoin[more]

    Coinbase co-founder launches biggest VC fund in crypto From the FT: Coinbase co-founder Fred Ehrsam and former Sequoia Capital partner Matt Huang have finished raising $2.5bn this month for Paradigm One, their first venture capital fund. Investors jockeyed to commit money to the fund, allo

  5. London hedge funds Eisler and Glen Point Capital plan rare $6bn merger[more]

    From City AM: Eisler Capital is planning to snap up Glen Point Capital in a rare deal between two players in London's hedge fund industry. Eisler, a multi-strategy investment funds with $4.5bn under management will raise company assets by $1.5bn bring in a new trading team and add three funds to aid