[ad_1]
new york, January 3, 2024 /PRNewswire/ — Banner Ridge Partners, $7.3 billion The multi-strategy private equity investment firm has completed a hard cap financing for Banner Ridge Secondary Fund V (“BRP V”). $2.15 billion Total commitment. BRP V is the latest funding raised as part of the company’s flagship secondary program. The fund was oversubscribed and received commitments from a wide range of institutional investors, including pension funds and several prominent family offices. This is the company’s fifth funding since becoming independent. June 2019.
Since this strategy was launched at their previous firm in 2010, Banner Ridge partners have 3 billion dollars We serve more than 150 individual managers focused on challenging situations, special situations, and credit strategies around the world. Banner Ridge focuses on investing in parts of markets characterized by both complexity and limited access to information through primary investments in target markets, secondary investments, and co-investments with specialist private equity sponsors. Masu.
Anthony CusanoCo-founder and portfolio manager said: “Rising interest rates and lack of market liquidity, combined with the growing acceptance of secondaries as a portfolio management tool, presents an exciting opportunity for us. We continue to invest. As we expand our team and bring a wide range of skills, we are able to increase deal flow, improve access to information, and help you make more informed investment decisions. We are well-positioned to take advantage of unique situations and opportunities arising from being a credit expert. Co-founder CJ Driessen said: “We have made several investments in the fund to date. We continue to move forward with a strong pipeline of opportunities that align perfectly with our proven secondary investment strategy. We look forward to continuing our track record of strong performance over the long term.”
Banner Ridge Partners:
Banner Ridge Partners is $7.3 billion Alternative investment specialists who identify best-in-class private equity managers in niche markets. We manage separate investment vehicles for primary, co-investment and secondary investment strategies. Banner Ridge is led by a senior team with extensive experience in the private market. By targeting deep value opportunities, focusing on fragmented markets, and addressing structural complexity, we believe we can exceed our clients’ investment objectives. For more information about Banner Ridge, please visit www.BannerRidge.com.
Media contact:
Anthony Cusano
Executive employee
212.265.4240
SOURCE Banner Ridge Partners
[ad_2]
Source link
