Banner Ridge Partners, LP Raises $4.2 Billion in Oversubscribed Secondary Fund VI
PE FORUM > Blog > Fundraising News > Banner Ridge Partners, LP Raises $4.2 Billion in Oversubscribed Secondary Fund VI
– Banner Ridge Partners is a $15.4 billion multi-strategy private equity investment firm
– The firm has closed Banner Ridge Secondary Fund VI (BRP VI) at its hard cap
– BRP VI raised $4.2 billion in total commitments, including $200 million from Banner Ridge
– The fund is part of the firm’s flagship secondary program
– It is the fourth fund raised since Banner Ridge became independent in June 2019
– The fund was oversubscribed
– Investors include pension funds, insurance companies, endowments, and prominent family offices
– Since 2010, the partners at Banner Ridge have committed over $15 billion
Capital has been deployed across more than 200 managers globally
– The strategy focuses on opportunistic credit and special situations
Investments are made through primary, secondary, and co-investments
– The firm targets complex market segments with limited information access
– Banner Ridge sees strong opportunities driven by reduced liquidity in private markets
– Growing acceptance of secondaries as a portfolio management tool supports the strategy
– The investment team has expanded to include a broad range of skills
Increased team depth has improved deal flow and access to information
– The firm believes it is well positioned as an opportunistic credit and special situations specialist
– Banner Ridge has already made several investments from BRP VI
– A strong pipeline of opportunities is currently under review
– Anthony Cusano, Co-founder highlighted that reduced liquidity in private markets and growing acceptance of secondaries create strong investment opportunities. He emphasized that expanding the team has improved deal flow and access to information, positioning the firm to capitalize on opportunistic credit and special situations.
– C.J. Driessen, Co-founder noted that several investments have already been made from the fund, a strong pipeline is in progress, and the firm remains committed to delivering long-term outperformance for its investors.
– The firm has closed Banner Ridge Secondary Fund VI (BRP VI) at its hard cap
– BRP VI raised $4.2 billion in total commitments, including $200 million from Banner Ridge
– The fund is part of the firm’s flagship secondary program
– It is the fourth fund raised since Banner Ridge became independent in June 2019
– The fund was oversubscribed
– Investors include pension funds, insurance companies, endowments, and prominent family offices
– Since 2010, the partners at Banner Ridge have committed over $15 billion
Capital has been deployed across more than 200 managers globally
– The strategy focuses on opportunistic credit and special situations
Investments are made through primary, secondary, and co-investments
– The firm targets complex market segments with limited information access
– Banner Ridge sees strong opportunities driven by reduced liquidity in private markets
– Growing acceptance of secondaries as a portfolio management tool supports the strategy
– The investment team has expanded to include a broad range of skills
Increased team depth has improved deal flow and access to information
– The firm believes it is well positioned as an opportunistic credit and special situations specialist
– Banner Ridge has already made several investments from BRP VI
– A strong pipeline of opportunities is currently under review
– Anthony Cusano, Co-founder highlighted that reduced liquidity in private markets and growing acceptance of secondaries create strong investment opportunities. He emphasized that expanding the team has improved deal flow and access to information, positioning the firm to capitalize on opportunistic credit and special situations.
– C.J. Driessen, Co-founder noted that several investments have already been made from the fund, a strong pipeline is in progress, and the firm remains committed to delivering long-term outperformance for its investors.