PRINT THIS PAGE US-based W Capital Partners closes secondaries fund at $250m
18/05/2004. Source: AltAssets. 
 US-based W Capital Partners has closed its secondaries fund with $250m of commitments. The fund was launched in April of last year and was originally targeting just $150m.
'We have been entirely focussed and committed to developing a market for liquidity in the direct venture capital and private equity market for over three years,' said David Wachter, general partner at W Capital.
'We are very fortunate to now be managing an investment partnership funded by many of the leading institutional investors, pension plans, endowments, foundations and family offices worldwide. This will allow us to continue to be a reliable, discreet and efficient solution for portfolio sellers and actively participate in this growing market,' he added.
W Capital targets transaction opportunities in the venture, growth and buy-out sectors with corporate venture programmes, banks, insurance companies and limited partnerships. The firm has completed the acquisition of seven portfolios over the past 18 months.
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