Paul Capital Raises $1.6B Secondaries Fund

May 6 2008 | 12:09pm ET

New York-based Paul Capital has closed its ninth dedicated private equity secondaries fund with $1.65 billion in capital commitments. Investors in Paul Capital Partners IX include endowments, public and corporate pension schemes, sovereign wealth funds and family offices.

Paul IX will focus on buying secondary p.e. portfolios, including interests in limited partnerships and portfolios of direct investments.

“Secondary transactions enable investors to manage their liquidity profiles by treating private equity holdings as they would most any other asset class,” said David de Weese, general partner. “Increasingly, banks, insurance companies, pension funds, family offices, and other holders of private equity are turning to us to help them trim their portfolios and manage risk exposure and liquidity.”

Founded in 1991, Paul Capital currently manages $6.6 billion in capital commitments.

In Depth

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel's Griffin Reaches Settlement in Contentious Divorce

Oct 8 2015 | 10:14pm ET

Billionaire hedge fund manager Ken Griffin and his wife have settled a long-running...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note