– 50 South Capital Advisors, LLC, Northern Trust Asset Management’s global alternatives arm, announced final closings of two flagship private equity funds
– Private Equity Strategic Opportunities Fund V (PESOF V) closed with $1.2 billion in commitments
– Private Equity Core Fund XI (PECF XI) closed with $893 million in commitments
– Investors include wealth managers, family offices, intermediaries, consultants, and institutions
– PESOF V is the fifth dedicated secondaries fund by 50 South Capital
– PESOF V follows a multi-strategy approach to secondaries, including LP-led transactions, GP-led continuation vehicles, and structured/preferred equity solutions
– PESOF V builds on over 15 years of experience in the secondaries market
– PESOF V focuses on less competitive and more complex segments of the market
– PESOF V leverages a proprietary sourcing ecosystem developed over nearly 25 years
– PECF XI is the eleventh core flagship private equity fund from 50 South Capital
– PECF XI invests globally across primary, secondary, and co-investment opportunities
– PECF XI emphasizes U.S. and European small and middle market buyouts
– PECF XI also targets seed and early-stage venture capital investments
– PECF XI strategy is built on diversification across geography, vintage, sector, and strategy
– PECF XI benefits from Northern Trust’s global reach and selective, conviction-driven investment approach
– Adam Freda, Managing Director and Head of Secondaries, emphasized the value of complex deals and proprietary sourcing
– Bradley Dorchinecz, Co-founder and Managing Director of Private Equity, highlighted diversification and 50 South Capital’s role as a value-added limited partner
– Bob Morgan, Co-founder and Head of 50 South Capital, credited fundraising success to the strength of the investment platform, team, and long-standing investor partnerships
