News & Analysis

Willowridge hits hard-cap for Amberbrook VII – exclusive

The secondaries specialist raced toward a March final close on its latest fund, raising half a billion dollars in around five months.

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Willowridge Partners has sped toward the hard-cap on its seventh dedicated secondaries fund after about five months of fundraising, Secondaries Investor has learned.

The New York-headquartered firm held the final close on $500 million for Amberbrook VII in March, the firm confirmed in an email. The fund launched in October and had a $450 million target, according to PEI Research & Analytics.

The fund received re-ups from many investors, according to the firm. LPs in Amberbrook VII include Western Michigan University Foundation, according to PEI data.

Amberbrook VII will focus on the smaller end of the market, purchasing from six-figure single stakes to portfolios worth $30 million or more, the firm said. Willowridge will also invest a small amount of the fund in direct minority company interests.

The firm has completed over 400 transactions since 1995 and manages $1.4 billion in committed capital, according to its website.