Landmark collects $40m in PE feeder fund

Landmark is expected to close its 15th private equity secondaries fund this month.

Landmark Partners has collected roughly $39.7 million in a feeder fund for its 15th private equity secondaries fund, according to documents filed with the US Securities and Exchange Commission on Wednesday.

CS Landmark XV Feeder was raised with Credit Suisse Securities and about $7.7 million of the capital was raised in an offshore vehicle.

Credit Suisse was unavailable to comment at press time.

Landmark is expected to close Fund XV on $3.25 billion sometime this month, a source familiar with the matter previously told Secondaries Investor.

Fund XV launched in 2012 with a $2.5 billion target, according to PEI’s Research and Analytics division. The fund had collected $1.41 billion as of the beginning of this year. Commitments include $100 million from the New Mexico State Investment Council and $60 million from the Ohio Police and Fire Pension Fund.

Landmark declined to comment.