W Capital Partners, the New York-based direct secondaries specialist, is steadily deploying capital from its third fund.
The firm has invested $150 million of Fund III over nine transactions, $50 million of which has been invested since the fund hit its hard-cap on $750 million in July last year, Secondaries Investor understands.
Some of the funds in W Capital’s portfolio include AOptix Technologies, the technology and communications specialist; Dynacast, the specialist die-cast engineer; and Moosejaw, the outdoors sporting equipment retailer. It is unclear whether they all feature in Fund III.
As of July last year, Fund III had already realised at least two investments, according to a statement. Mail order company Oriental Trading was acquired by Berkshire Hathaway in November 2012, while tech company Neolane was bought by Adobe Systems in July 2013.
W Capital was founded in 2001 as a direct secondaries specialist. It has $1.7 billion in assets under management and has made more than 100 growth equity and buyout stage investments.