Hektor’s New 2ND Capital holds final close on debut fund – exclusive

The firm founded by former AlpInvest Partners exec Tjarko Hektor has beat the $250m target of its fund that will focus on the US small- and mid-market.

New 2ND Capital, a firm founded by former AlpInvest Partners executive Tjarko Hektor, has held the final close on its debut secondaries fund.

The New York-based firm raised $294 million for New 2ND Capital Fund I, exceeding its target of $250 million, according to a source familiar with the matter.

It is understood the fund has already invested in seven deals.

Montreal-headquartered Aquaforte Private Equity and New York’s MD Global Partners were placement agents on the fundraise, according to three filings with the Securities and Exchange Commission.

Hektor founded New 2ND Capital in 2016 after 16 years with AlpInvest, where he left as a managing director. The firm is focused on GP-led transactions in the North American small- and mid-market, including spin-outs, restructurings, direct secondaries and the acquisition of co-investment portfolios, according to its website.

New 2ND’s professionals include AlpInvest’s Jordan Bradley and Clay Cole, and Dan Townsend, former head of secondaries and co-investments at VC-specialist Top Tier Capital Partners.

Secondaries funds in market were seeking at least $78 billion as of January, according to Secondaries Investor‘s latest fundraising report.

New 2ND declined to comment on the fundraising.