W Capital Raises $700M Secondary Private Equity Fund

Mar 6 2008 | 12:53pm ET

New York-based W Capital Partners, a secondary private equity fund investor, has closed its second fund at $700 million. Limited partners in W Capital Partners II include endowments, foundations, financial institutions, family offices, public pensions, private pensions and funds-of-funds worldwide.

W Capital Partners provides p.e. investors an exit for highly illiquid investments, in order to generate distributions to limited partners, reallocate resources into new strategic areas and eliminate follow-on capital requirements for portfolio companies.

“W Capital’s strategy fills an important component of CalPERS private equity program,” Joncarlo Mark, senior portfolio manager at the California Public Employees’ Retirement System, one of the new fund’s investors, said. “The firm is well positioned as a result of the current market volatility. We are pleased with W Capital’s development and performance over the past four years and are excited about our commitment to the new fund.”

Since 2001, W Capital has committed more than $1 billion in over 50 transactions and direct investments.


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note