Secondaries Investors in North America

Adams Street Partners is a leading global private markets investment manager headquartered in Chicago. Established in 1972, the firm has over five decades of experience in private equity, offering a comprehensive suite of investment strategies including venture capital, growth equity, buyouts, private credit, and secondary investments. The firm is 100% employee-owned, fostering a culture of alignment and long-term commitment to its clients. With a presence in more than 30 countries across five continents, Adams Street Partners leverages its extensive network and deep industry insights to identify and capitalize on investment opportunities. The firm's global footprint includes offices in key financial centers such as Austin, Beijing, Boston, London, Menlo Park, Munich, New York, Seoul, Singapore, Sydney, Tokyo, and Toronto, enabling it to maintain close relationships with portfolio companies and investors worldwide. Managing approximately $62 billion in assets under management, Adams Street Partners serves a diverse client base comprising corporate and public pension plans, foundations, family offices, and endowments. The firm's commitment to excellence and innovation in private markets investment management has solidified its reputation as a trusted partner for institutional investors seeking long-term value creation.

AllianceBernstein (AB) is a global investment management firm that provides diversified investment solutions to a wide array of clients, including institutions, pension funds, private wealth managers and individual investors. Tracing its roots to 1967 and now headquartered in Nashville, Tennessee, AB manages around US$829 billion across equity, fixed‑income, multi‑asset, hedge‑fund and private‑credit strategies. The firm’s research‑driven approach emphasizes fundamental analysis, global macro insights and quantitative techniques to construct portfolios that seek superior risk‑adjusted returns. AB operates over 45 offices worldwide, enabling local market insights and client service across the Americas, Europe, Asia and the Middle East. Products range from actively managed mutual funds and separately managed accounts to alternative strategies and bespoke solutions for large institutions. AB is also recognized for its sell‑side research franchise, Bernstein Research, which provides market‑leading insights and analysis. The firm prioritizes responsible investing, integrating environmental, social and governance considerations into its investment processes and engaging with companies to improve long‑term performance. With a workforce of more than 4,000, AllianceBernstein aims to deliver consistent investment excellence while fostering a culture of collaboration, diversity and integrity.

Apollo Global Management, Inc. is a prominent global alternative asset manager and retirement services provider. The firm specializes in deploying flexible capital across a broad spectrum of investment opportunities, including credit, equity, and real assets. They aim to provide innovative financing solutions to help companies adapt and grow, while also assisting institutions and individuals in achieving long-term financial goals through robust investment strategies. Apollo's approach is characterized by rigorous thinking and a focus on delivering strong risk-adjusted returns across various market cycles.Founded in 1990 by Leon Black, Josh Harris, and Marc Rowan, Apollo Global Management emerged from the aftermath of Drexel Burnham Lambert's collapse. The founders leveraged their expertise in high-yield bonds and leveraged buyouts to establish a firm initially focused on distressed assets. Over three decades, Apollo has evolved from a boutique investment partnership into one of the world's largest asset managers, known for its contrarian, value-oriented investment philosophy and its ability to transform troubled companies. Marc Rowan currently serves as the firm's Chief Executive Officer.Apollo's diverse portfolio includes notable investments across various sectors. The firm has acquired significant stakes in companies such as Yahoo!, Tenneco, and Athene, its retirement services business. Other investments include Rackspace Technology (cloud services), ClubCorp (hospitality), and Lottomatica (gaming). More recently, Apollo Funds have been involved in the acquisition of Forvia's Automotive Interiors Business and Nippon Sheet Glass. The firm's investment strategies also address major global issues like energy transition, the adoption of new technologies, and social impact, reflecting a commitment to making a positive difference through innovative investing.The Apollo team operates with a "One Apollo" mindset, fostering an innovative and collaborative culture across teams, asset classes, and geographies. With over 6,000 employees globally, including a substantial number of investment professionals, the firm emphasizes "Clean Sheet Thinking"—questioning existing assumptions to create new solutions. This collaborative and disciplined approach, combined with deep expertise across its integrated platform, enables Apollo to identify and capitalize on unique opportunities and provide tailored capital solutions for growth, restructuring, and operational improvement within its portfolio companies.

Apollo Global Management, Inc. is a leading global alternative asset manager and retirement services provider, renowned for its comprehensive investment strategies across credit, equity, and real assets. The firm focuses on providing flexible financing to help companies adapt, evolve, and lead, while also assisting institutions in achieving long-term financial goals through investment strategies designed for strong risk-adjusted returns. Apollo also plays a significant role in helping individuals build lasting wealth, notably through its retirement solutions business, Athene, which serves millions in achieving financial security. The firm emphasizes rigorous thinking and innovative solutions to address the challenges of an ever-changing world, with a sharp focus on private investment-grade and fixed income strategies.Founded in 1990 by Leon Black, Josh Harris, and Marc Rowan, former investment bankers at Drexel Burnham Lambert, Apollo Global Management has grown from its entrepreneurial roots into one of the world's largest asset managers. The firm's founding principles emphasize adherence to values, fostering an innovative and collaborative culture, and a commitment to being the best investors and most trusted partners for their clients. Apollo's approach is characterized by "Clean Sheet Thinking," which involves questioning existing norms and building conviction through thorough preparation and debate, often leaning into opportunities when others pull back. This philosophy has guided their expansion and success over more than three decades.Apollo Global Management has a diverse portfolio of investments across various sectors and geographies. Notable investments include the acquisition of a 90% stake in Yahoo!, the acquisition of Athene, a retirement services business, and the acquisition of Tenneco. The firm has also been active in the automotive sector, acquiring Forvia SE's Interiors Business Group, and in infrastructure, with investments in Pembina Gas Infrastructure Inc. Other significant activities include a $5.5 billion real-estate investment partnership with the Abu Dhabi National Oil Company (ADNOC) and investments in companies like Albertsons Companies, Covis, and Cimpress. Apollo also has a strong presence in the leisure sector, with investments in gaming companies like Lottomatica and The Venetian Resort Las Vegas, and sports entities such as Nottingham Forest Football Club and Atlético Madrid. The firm's investment scope also extends to renewable energy projects like US Wind and FlexGen, and cloud services through Rackspace Technology.The firm's team expertise is built on a foundation of deep knowledge across various asset classes and a commitment to a "No Walls" operating model, fostering collaboration across teams, asset classes, and geographies. This integrated approach allows Apollo to identify and capitalize on the best opportunities globally. The firm prides itself on a high-performance culture where trust is paramount, collaboration is instinctive, and collective success takes precedence over individual agendas. Apollo is dedicated to developing its talent, offering deep mentorship and a commitment to long-term career growth, ensuring that its extraordinary colleagues remain at the core of its success.

Ardian is a leading global private investment house headquartered in Paris, France. Founded in 1996 by Dominique Senequier as AXA Private Equity, the firm became independent in 2013 and rebranded as Ardian. Today, it is majority-owned by its employees, reflecting a commitment to long-term alignment with clients and stakeholders. With over $176 billion in assets under management or advisement, Ardian operates across private equity, real assets, and credit. Its private equity expertise includes buyouts, expansion capital, and secondaries, while its real assets portfolio encompasses infrastructure and real estate investments. Ardian also offers customized solutions tailored to institutional and private wealth clients. Ardian maintains a global presence with 19 offices across Europe, the Americas, Asia, and the Middle East, employing over 1,050 professionals. The firm's investment approach emphasizes sustainability, innovation, and value creation, aiming to support companies in achieving long-term growth and positive impact.

Banner Ridge Partners is a registered investment advisor specializing in private markets, focusing on identifying best-in-class private equity managers within niche markets and offering liquidity solutions to their limited partners. The firm employs a strategy centered on deep value opportunities, fragmented markets, and navigating structural complexities to achieve its clients' investment objectives. Their investment solutions encompass primary commitments to world-class private equity managers, secondary transactions providing liquidity for private equity interests, and co-investments alongside established managers to uncover undervalued opportunities.The firm was co-founded in 2019 by Anthony Cusano and C.J. Driessen, who are also the principal owners and responsible for managing the firm's strategies. Both co-founders bring significant experience in the secondary market and niche private equity sectors. Anthony Cusano, as Managing Partner and Chairman of the investment committee, has extensive experience in analyzing and structuring complex private deals, including his prior role as Portfolio Manager of a Secondary Opportunity Fund at Siguler Guff & Co. C.J. Driessen, as Partner, focuses on sourcing, underwriting, and analyzing investments across the firm's platform, with previous experience in secondary transactions and co-investments at Siguler Guff & Co. and LSV Advisors.Banner Ridge Partners' investment focus spans distressed, special situations, and credit strategies, including distressed trading, distressed-for-control, turnaround private equity, and structured credit. They aim to construct high-conviction, diversified portfolios that mitigate risk while generating outsized returns. The firm manages discrete investment vehicles for primary, co-investment, and secondary investment strategies, with a reported $15.4 billion in assets under management as of January 2026.

Bonaccord Capital Partners is an investment firm specializing in GP stakes for the middle market. The firm connects strategically-minded institutional investors with exceptional mid-market private markets sponsors through strategic equity partnerships. Their core focus involves acquiring non-control equity interests in established private markets sponsors across various strategies, including private equity, private credit, real estate, and real assets. Bonaccord aims to deliver private equity returns with a defensive risk profile, characterized by elevated yield, capital stability, and long-term capital appreciation, while also supporting broader portfolio objectives through their partnerships.Founded in 2017, Bonaccord Capital Partners was initially part of Aberdeen Standard Investments before being acquired by P10 Holdings, Inc. in October 2021. The firm was established with the goal of providing growth capital and strategic support to mid-market private markets sponsors, helping them achieve institutionalization, growth, succession, and diversification. They leverage their strategic relationships, institutional capabilities, and strategic development expertise to support transformative initiatives, enabling their portfolio companies to reach their full potential and build enduring institutions.Bonaccord Capital Partners has made numerous strategic investments in a diverse range of private market sponsors. Notable investments include a minority stake in Prime Finance, a leading commercial real estate credit platform, and increased minority investments in Park Square Capital, an independent private credit investor. Other investments span across various private equity and specialized finance firms such as Kingswood Capital Management, Monroe Capital, MSouth Equity Partners, Spear Street Capital, AE Industrial Partners, Trivest Partners, Shamrock Capital, VMG Partners, Synova Capital, Revelstoke Capital Partners, Kayne Anderson Private Credit, and Lead Edge Capital.The firm boasts a well-established team with diverse capabilities and long-standing continuity. Key team members include Managing Partner Ajay Chitkara, who has overall responsibility for the business and is a member of the investment committee, and Partner Bradford Pilcher. The team's expertise spans various aspects of private markets, with individuals like Chris Lerner focusing on leading Bonaccord's activities in Asia, demonstrating a global reach and specialized knowledge across different regions and asset classes.

Bratenahl Capital Partners is a single family office established in 2003 and based in Cleveland, Ohio. The firm operates as a trusted partner for private equity sponsors, focusing on investing in and alongside these partners. Bratenahl Capital Partners manages the wealth and investments of the Howley family and The Howley Foundation, emphasizing long-term capital stewardship and multigenerational wealth preservation.The firm's investment strategies are diversified, encompassing primary commitments to funds managed by high-quality general partners, co-investments in individual deals alongside their partners, and participation in secondary transactions. Bratenahl Capital Partners seeks to build a diversified, "best-of-breed" private equity investment portfolio. While the firm does not have explicit sector preferences, it shows interest across a broad range of industries and prefers companies with diversified customers and experienced management teams.Bratenahl Capital Partners' direct investment practice typically seeks to commit between $500,000 and $15 million per transaction, though investments can range from $2 million to $30 million in certain situations. The firm has a significant investment history, with over 131 total funds and investments to date. Notable areas of interest include business services, education, manufacturing, technology, and various industrial sectors.The team at Bratenahl Capital Partners includes Mike Howley as the Founder and Managing Partner, Chris Hanrahan as Partner, and Dan Kozlowski as Partner & COO. The firm also has a Vice President, Associate, Chief Financial Officer, and Firm Administrator, bringing diverse experience from private equity, investment banking, and financial advisory roles.

Cat Trail Capital is a single-family office established in 2004, dedicated to managing and growing the capital of the Dekker family. The firm operates as a private investment company, engaging in a diverse range of investment activities. Its strategy includes taking strategic positions in publicly traded securities, making placements with specialized fund managers, and actively managing a portfolio of real assets. Additionally, Cat Trail Capital occasionally invests in small private companies, demonstrating a flexible approach across various asset classes.The firm's origins trace back to the acquisition of Marcel Dekker, Inc. at the end of 2003. Marcel Dekker, Inc. was a prominent scientific, technological, and medical (STM) publishing company founded in 1964 by Marcel Dekker, the father of David and Russell Dekker. Following the sale of the publishing business, David Dekker founded Cat Trail Capital in 2004 to serve as a full-service investment boutique for the family's wealth.Cat Trail Capital's investment mandate is broad, encompassing both fund commitments and direct investments. The firm shows an appetite for private equity, real estate, venture capital, secondaries, private credit, and hedge funds. On the direct investment side, Cat Trail Capital targets venture capital opportunities at the seed stage, with investments potentially reaching up to $10 million, and private equity deals ranging from $10 million to $50 million. The firm also supports emerging managers and impact investments.The leadership team includes David Dekker, who serves as Managing Partner and founded the firm. Russell Dekker is a Partner and sits on the investment committee. Andrew Budinoff is the Director of Portfolio Management and Trading, responsible for developing and executing internal trading strategies, managing asset allocation models, and overseeing portfolio risk and performance analytics.

Coller Capital, established in 1990 by Jeremy Coller, is a pioneering specialist investor in the secondary market for private assets. With over 30 years of experience, the firm has helped industrialise secondaries into a mainstream asset class and remains a trusted partner for institutional and private investors worldwide. The firm operates flagship private equity secondaries funds (Coller International Partners I–VIII) alongside private credit secondaries vehicles like Coller Credit Opportunities I & II. As at March 31, 2025, its assets under management total approximately USD 40 billion. Coller consistently delivers through innovation, rigorous ESG integration, and deep sector expertise. Coller Capital employs around 318 professionals across global hubs including London, New York, Hong Kong, Zurich, Seoul, Luxembourg, Melbourne, and Montreal. Its culture is rooted in diversity, thought leadership, responsible investing and client partnership. The firm is widely recognised for its industry awards and thought-leadership initiatives.

Crestline Investors is a prominent alternative investment management firm that specializes in providing creative capital solutions across various market and economic cycles. The firm employs a multi-strategy approach, offering expertise in specialty sectors and business lines to identify opportunities throughout the capital structure. Their core offerings include Capital Solutions, Direct Lending, and Fund Liquidity Solutions, catering to a diverse range of clients from underserved middle-market companies to mature private equity funds.Founded in 1997 by Doug Bratton, Crestline Investors has grown into an institutional alternative investment manager with a global presence. The firm was established with a focus on credit and opportunistic investments, initially managing an absolute return asset allocation for members of the Bass family. Over the years, Crestline has expanded its capabilities to include a broad suite of investment solutions, aiming to deliver consistent risk-adjusted returns through its credit expertise and innovative products.Crestline's investment focus spans a wide array of industries, including business services, consumer, digital infrastructure, education, healthcare, industrials, real estate, and technology. They provide flexible financing solutions such as senior debt, structured equity, unitranche, and second-lien opportunities. Notable activities include providing NAV loans to real estate funds and credit facilities to various businesses, demonstrating their commitment to supporting growth and facilitating strategic transactions for their portfolio companies.The firm's team comprises seasoned investment professionals with extensive experience in investment banking and alternative investments. They leverage a specialized industry approach and an experienced advisor network to identify value and act as a valued-added resource for companies. Crestline's global reach extends to sophisticated institutions, family offices, and high-net-worth individuals across North America, Europe, and Asia, with offices strategically located to serve these markets.

Crestline Investors is a premier alternative investment manager specializing in providing creative capital solutions across various market and economic cycles. The firm offers a multi-strategy approach, including Capital Solutions, Direct Lending, Fund Liquidity Solutions, and Derivative Solutions. Their Capital Solutions range from senior debt to structured equity for underserved middle-market companies, real estate lending, and specialty finance programs. Direct Lending focuses on flexible senior debt for lower-middle and middle-market businesses, encompassing senior secured, unitranche, and second-lien opportunities. Crestline also provides bespoke NAV finance solutions to mature private equity funds through its Fund Liquidity Solutions.Founded in 1997 by Douglas K. Bratton, Crestline Investors, Inc. is an institutional alternative investment management firm headquartered in Fort Worth, Texas. Mr. Bratton, who serves as Founder and Executive Managing Director, has extensive experience in alternative asset strategies, including hedge fund management, credit strategies, private equity, and venture capital. The firm has grown significantly since its inception, managing substantial assets for sophisticated institutions, family offices, and high-net-worth individuals globally.Crestline Investors has a global reach, serving clients in North America, Europe, and Asia. The firm's strategies aim to deliver consistent risk-adjusted returns through diverse capital offerings, including liquid and illiquid solutions. Notable activities include providing a $74.0 million upsized position in a credit facility to Ironclad Environmental Solutions and completing a $200 million NAV loan to a diversified alternative asset manager. In a significant development, Crestline Investors was acquired by Rithm Capital Corp. on December 1, 2025, further expanding Rithm's diversified asset management platform.The firm's executive team brings decades of industry experience in alternative investment management and multi-asset capital solutions. Key team members include Douglas K. Bratton (Founder and Executive Managing Director), John Cochran (Executive Managing Director & Chief Operating Officer), Michael Guy (Executive Managing Director & Head of European Capital Solutions), and David Philipp (Executive Managing Director & Head of Fund Liquidity Solutions). Crestline's expertise spans various asset classes and geographies, enabling them to navigate multiple market cycles effectively.

DFO Management, LLC, serves as the dedicated family investment office for Michael Dell, the founder, Chairman, and CEO of Dell Technologies, and his family. The firm employs a multi-disciplinary investment strategy with a primary focus on maximizing long-term capital appreciation. Its investment activities span a broad spectrum of asset classes, including equities of both public and private companies, credit, real estate, and other securities. DFO Management is known for its flexible and long-term approach, often targeting high-growth, founder-led companies across various sectors.The Dell family office was initially established in 1998 as MSD Capital, L.P., with Michael Dell recruiting John C. Phelan and Glenn R. Fuhrman to manage his family's wealth. For over two decades, MSD Capital operated with a broad investment mandate. In December 2022, the entity underwent a restructuring and was rebranded as DFO Management, LLC, continuing its mission as a prominent single-family office.DFO Management's portfolio includes significant equity stakes in public companies such as PVH Corp. (known for Calvin Klein and Tommy Hilfiger) and Dine Brands Global (parent company of IHOP and Applebee's). In the private markets, the firm has invested in companies like East West Manufacturing, West Monroe Partners, Owl Rock Capital Corp, Ultimate Fighting Championship, and WIRB-Copernicus Group. Its real estate holdings feature luxury resorts such as Four Seasons Resort Maui and Four Seasons Resort Hualalai, Fairmont Miramar, and The Boca Raton. Historically, the firm was also involved in the acquisition of IndyMac Bank (renamed OneWest Bank) and the take-private of Dell Inc.The leadership team at DFO Management brings extensive experience from the financial industry. Gregg Lemkau serves as Chairman and CEO, having previously held a senior role at Goldman Sachs. Alisa Mall is the Chief Investment Officer, with a background that includes Foresite Capital, Carnegie Corporation of New York, and Tishman Speyer. Marc Lisker holds the position of President and Chief Legal Officer, bringing legal expertise from his time at Mayer Brown LLP. John C. Phelan, a co-founder of the original MSD Capital, continues to be associated as Chairman Emeritus.

Delta-v Capital is a growth capital investment firm that partners with visionary leaders of technology companies to accelerate their next phase of growth. The firm provides flexible capital solutions, including primary growth capital for balance sheets, secondary liquidity for shareholders, and capital to fund mergers and acquisitions. Delta-v Capital primarily focuses its investments within the technology sector, specifically targeting innovative companies in infrastructure software, cloud services, CxO software, and vertical software. They typically invest in growth-stage companies with proven customer traction and scalable business models, often seeking those with over $10 million in revenue and $15-$20 million in annual recurring revenue.The firm was founded in 2009 by Rand Lewis and David Schaller, with Dan Williams also serving as a Managing Partner. The co-founders previously worked together for over a decade at Austin Ventures, a prominent venture capital firm. Initially, Delta-v Capital's strategy focused on providing liquidity for minority shareholders through secondary direct investments, a novel approach at the time. Over the years, their strategy evolved to include primary growth capital, offering a comprehensive suite of equity solutions to support companies' growth trajectories.Delta-v Capital's portfolio highlights include notable investments in companies such as Arctic Wolf, a cloud-based security operations platform; Expensify, an expense management software platform; Teamworks, a vertical software solution for sports; and OSF Digital, a global system integrator for Salesforce. Recent investments also include Vero, Nucleus Security, RapidFort, The Silicon Partners, and EDITED, a data and analytics platform for soft goods brands and retailers.The team at Delta-v Capital is composed of former operators and engineers with deep sector expertise, enabling them to provide a tailored, hands-on approach to their partnerships. They leverage their collective experience and network to support entrepreneurs in scaling their businesses and realizing their full potential. The firm operates with core values of integrity, teamwork, excellence, and growth, aiming to be collaborative, long-term partners to their portfolio companies. Their advisory board includes experienced former CEOs and CFOs from leading technology companies.

Eurazeo is a prominent global investment group specializing in private markets asset management. The firm offers a comprehensive platform that supports companies across various stages of growth, from startups to established mid-market leaders. With a diversified fund offering and an extensive international network, Eurazeo identifies and invests in high-growth potential companies, leveraging deep sector expertise and a long-term vision to foster sustainable value creation. The firm's investment strategies span private equity, private debt, and real assets, catering to a broad range of institutional and private clients.Eurazeo's origins trace back to the merger of Eurafrance and Azeo in April 2001, consolidating decades of investment expertise from entities linked to the Lazard network. This strategic consolidation, guided by figures like Michel David-Weill, aimed to transform a fragmented portfolio into a robust, permanent-capital investment vehicle. The firm quickly evolved from a French industrial holding into a multi-strategy asset manager, establishing a strong presence across Europe and expanding its global footprint.The firm's investment focus is broad, encompassing sectors such as technology, business services, energy transition, healthcare, consumer goods, and financial services. Eurazeo actively supports its portfolio companies through international expansion, digital transformation, and strategic acquisitions. Notable investments include companies across various industries, demonstrating the firm's commitment to building European champions with global ambitions. Eurazeo's team comprises experienced investment professionals and high-level operational experts dedicated to active ownership and hands-on support.Committed to profitable impact-driven companies, Eurazeo integrates a recognized scientific approach to identify and support businesses that address environmental, social, and societal challenges. This responsible investment philosophy is central to its value creation model, aligning financial performance with positive societal impact. The firm's global reach, with 14 offices worldwide, enables it to access diverse markets and deliver strong performance for its investors and shareholders.

Forum Capital Partners is a leading independent placement agent and fundraising advisor that partners with both established and emerging private investment managers. The firm specializes in assisting these managers to diversify and enhance their investor base by raising institutional capital across a global spectrum. Their services encompass comprehensive fund advisory and placement for primary, direct, and secondary mandates, covering a wide array of private investment strategies.Founded in 2001 by Jeffrey Stern and Robert Schwabe, Forum Capital Partners was established as the successor to the private equity business they previously built and managed at CIBC Oppenheimer and its predecessor firm. Stern and Schwabe have a long-standing partnership, having worked together since 1994. Over their careers, they have collectively raised more than $11 billion in institutional capital for various private investment funds, direct private equity deals, and secondary transactions globally.As a placement agent, Forum Capital Partners primarily facilitates capital raising for other fund managers rather than directly managing a portfolio of companies. However, they do advise on direct and co-investment opportunities. The firm's focus areas for fundraising include buyout, growth equity, real estate, infrastructure, natural resources, and secondary strategies. Forum Capital Securities, LLC, an affiliate, is a registered Broker-Dealer and a member of FINRA and SIPC, underscoring their regulated and professional approach to financial services.The leadership team, comprising managing partners Jeffrey Stern and Robert Schwabe, brings extensive experience to the firm. Mr. Stern has over 40 years of experience in the financial services industry, previously heading the Private Equity Group at CIBC Oppenheimer. Mr. Schwabe also has over 35 years of experience, having served as Managing Director of the Private Equity Group at CIBC Oppenheimer. Their combined expertise and long history in the industry are central to the firm's advisory and fundraising capabilities.

GCM Grosvenor is a global alternative asset management firm that provides customized investment solutions across a broad spectrum of alternative investments. The firm manages approximately $91 billion in assets under management as of 2025, serving a diverse client base that includes institutions, family offices, and individuals worldwide. They specialize in developing tailored portfolios for clients seeking allocations to alternative investments such as private equity, infrastructure, real estate, credit, and hedge fund strategies.Founded in 1971 by Richard Elden, GCM Grosvenor has a history spanning over 50 years in the alternative investment landscape. The firm pioneered the fund of hedge funds model in the United States and has since expanded its offerings to include multi-manager portfolios, direct investments, and co-investments across various asset classes. In August 2020, GCM Grosvenor became a public company, trading on The Nasdaq Capital Market under the ticker "GCMG" since November 18, 2020.GCM Grosvenor's investment approach emphasizes responsible investing, with approximately $28 billion in sustainable and impact assets under management. They also focus on supporting small, early-stage, diverse, and women alternative investment managers, with over $30 billion in AUM dedicated to these groups. The firm's team of approximately 550 professionals brings deep expertise across the alternatives landscape, offering tailored access to strategies, sectors, and geographies globally. Key investment areas include private equity, real estate, infrastructure, private debt, and impact investing, with a focus on energy transition strategies.

Goanna Capital is a global private markets investment firm that employs a differentiated co-investment program across two primary strategies: Direct Private Technology and GP-Led Secondaries. The firm focuses on identifying and investing in generationally important private technology companies worldwide. Their direct investment approach targets opportunities from Series B to pre-IPO stages, encompassing both primary capital raises and direct secondary transactions. Through their GP-Led Secondaries strategy, Goanna Capital provides crucial liquidity to Limited Partners (LPs) and leading General Partners (GPs) within the private equity and growth equity landscape. This strategy typically involves acquiring pools of assets from fully invested funds in their harvesting period, aiming to offer diversification to investors while mitigating the traditional J-curve effect. They seek out world-class private equity and growth-focused managers and portfolios, aiming for attractive discounts to Net Asset Value (NAV) by providing reliable liquidity solutions, including continuation vehicles, strip sales, fund restructurings, and end-of-fund-life solutions.Founded in 2020 by Robert Hilmer, Goanna Capital quickly established its presence in the private markets. Hilmer, who previously held roles at prominent firms such as Coatue Management, Equidate (now Forge Global), and Goldman Sachs Group Inc., brought extensive experience to the venture. The firm's inception aimed to capitalize on opportunities within the rapidly evolving private technology sector and the growing demand for secondary liquidity solutions. Goanna Capital operates as a Registered Investment Adviser (RIA) and has successfully raised and invested five funds, attracting over 300 leading family offices and institutions to its funds and co-investment vehicles.Goanna Capital has built a diverse portfolio of investments across various high-growth sectors. Notable portfolio companies and investments include leading technology innovators such as xAI, Harvey, Kraken, Figma, OpenEvidence, CoreWeave, SpaceX, Anthropic, Toast, Calm, Attentive Mobile, and Rippling. These investments span critical areas like business/productivity software, financial services, enterprise applications, enterprise infrastructure, and aerospace and defense. The firm's involvement in a joint venture with OpenAI, known as 'DeployCo', further highlights its commitment to the artificial intelligence sector, aiming to accelerate the adoption of AI tools within enterprise environments.The Goanna Capital team comprises experienced professionals with diverse backgrounds in investment management, compliance, strategy, and business development. Robert Hilmer leads the firm as Founder & General Partner, alongside Nicholas Leish, also a General Partner. The leadership team includes Managing Directors Hussain Al Alawi (Head of Middle East) and Michael Brunner, with Tony Drenzek serving as Chief Compliance Officer & Counsel and Brian Lee as Global Head of Strategy. The team's collective expertise enables the firm to screen over 2000 deals annually and execute its dual investment strategies effectively, fostering strong relationships with both portfolio companies and institutional investors globally.

IDG Capital is a world-leading private equity investment institution that has been a pioneer in developing venture capital business in China since 1993. The firm maintains a long-term global outlook, partnering with founders and teams to build lasting companies. With over 30 years of investment experience, IDG Capital has cultivated a diverse portfolio of more than 1800 companies and achieved over 600 successful exits through IPOs and M&A activities across various global capital markets.Founded in Boston in 1993, IDG Capital established its roots in China in the same year, becoming one of the earliest foreign-backed venture investors in the region. The firm's strategic evolution included the acquisition of International Data Group's (IDG Group) investment business in 2017, which further expanded its global investment reach and cross-border resource integration capabilities. This move solidified IDG Capital's independence from IDG Group's publishing, data research, and exhibition businesses.IDG Capital's investment focus spans a wide array of sectors, including consumer, technology, healthcare, and business services. Notable portfolio companies include Acne Studios, a contemporary fashion house; Bambu Lab, a leader in high-performance desktop 3D printers; and Circle, a global financial technology firm known for issuing the USDC stablecoin. The firm actively supports its portfolio companies through strategic development, global expansion, e-commerce growth, and executive recruitment, aiming to foster sustainable growth and market leadership.The firm boasts an experienced and diverse professional team with backgrounds in technology, marketing, finance, legal, management consulting, and investment banking. This expertise allows IDG Capital to provide comprehensive support to its portfolio companies, ranging from branding and marketing to human resources and overseas expansion. As of 2021, IDG Capital managed over US$23 billion in assets, underscoring its significant presence and influence in the global investment landscape.

Industry Ventures is a venture capital platform offering innovative investment solutions across the venture ecosystem. Founded in 2000, the firm specializes in secondary investments, early-stage funds, and direct co-investments. By operating at multiple stages of the venture lifecycle, Industry Ventures provides liquidity and growth capital to both emerging and established venture-backed companies and funds.The firm’s strategy is built around long-term partnerships with fund managers, entrepreneurs, and institutional investors. Industry Ventures is known for its expertise in secondary transactions, where it acquires interests in existing venture funds or portfolios of companies, offering flexible liquidity solutions. Additionally, the firm supports emerging managers through primary fund investments and enhances portfolio value through selective direct co-investments.Headquartered in San Francisco, with offices in Washington, D.C., and London, Industry Ventures maintains a global perspective with a primary focus on the U.S. venture ecosystem. The team brings together deep experience across investment, operations, and technology, managing over $7 billion in assets. Industry Ventures is widely recognized as a trusted partner in navigating the evolving venture capital landscape.