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

OmniQuest Capital: Why Funds of Hedge Funds Work

Aug 11 2016 | 4:47pm ET

There have been few sectors of the alternative investment universe under as much...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...