Commonfund seeks more than half a billion dollars for Fund III

The firm wants to raise more than three-times the original target of its 2017-vintage predecessor.

Commonfund Capital has returned to market with its third dedicated secondaries fund and is seeking more than three-times the target of its predecessor vehicle.

The Wilton, Connecticut-headquartered firm is seeking $550 million for Commonfund Capital Secondary Partners III, according to a filing with the US Securities and Exchange Commission dated 14 May.

It is unclear whether the figure is the fund’s target or hard-cap.

The filing does not show that any capital has been raised so far for the fund.

Commonfund had doubled the size of its flagship secondaries fund last year with the $450 million raise for its 2017-vintage Fund II, which had an original target of $170 million. Investors in that fund include Jewish Federation of Greater Indianapolis and The William Penn Foundation, according to Secondaries Investor data.

There are at least 100 vehicles seeking capital for secondaries investing across private equity, private real estate, venture capital, private debt and real assets strategies as of mid-May, according to Secondaries Investor‘s Live Funds in Market database.

Commonfund did not return a request for comment by press time.