retail investors

The fund has $250m of initial capital to invest primarily in secondaries and will target high-net-worth individual investors in the US.

A growing number of liquidity providers are looking for a piece of the private wealth market, all trying to demonstrate a distinct edge.

The secondaries market is expanding private equity access to individual investors and defined contribution pension plans.

The normalisation of continuation funds, the pervasiveness of secondaries technology and the opportunity for retail capital are three areas that have caught our attention in recent weeks.

The fund targeted at non-institutional investors can invest in the full range of secondaries deals and on a primary and direct basis.

Investors seeking liquidity on the PE investing platform will be able to sell their fund stakes to the New York secondaries giant.

The evergreen fund will aim to invest in a mix of secondaries, direct investments and co-investments in credit and equity.