About This Fund
SQ Capital, founded in January 2025 by former Blackstone executive Mustafa Siddiqui, is launching its inaugural secondaries fund with an anticipated close of approximately $1 billion. The firm specializes in acquiring stakes in both LP-led and GP-led transactions, particularly within the underpenetrated U.S. and European middle markets. These markets encompass funds ranging from $350 million to $10 billion in size, with a primary focus on those under $5 billion. Recognizing the growing demand for liquidity among private equity stakeholders, SQ Capital aims to provide tailored solutions through secondary market investments. The firm leverages its team’s extensive experience and strong industry relationships to source and execute value-driven deals. Its strategy focuses on capitalizing on middle-market opportunities often overlooked by larger secondary investors. A distinguishing feature of SQ Capital is its integration of advanced technology into its investment process. The firm uses a proprietary AI-enabled system, SQORE, which helps assess potential investments based on a bespoke set of criteria drawn from decades of cross-sector investing expertise. This data-driven approach enables informed decision-making in a market characterized by information asymmetry.