Clipway raises record $6.4B for debut private equity secondaries fund
London-based Clipway has closed its debut fund, Clipway Secondary Fund I, at $6.4 billion — the largest-ever first-time secondaries platform. The final close draws on commitments from 186 limited partners worldwide.
LPs include sovereign wealth funds, pension plans, insurers, endowments, foundations and family offices. By capital committed, the base spans Europe (44%), North America and Latin America (21%), the Middle East (18%) and Asia (17%).
Mubadala Investment Company, Carmignac and General Atlantic have acted as strategic partners since inception. Clipway also helped shape Carmignac's private equity platform.
Clipway was built to be a next-generation secondaries firm combining investment experience, proprietary technology and institutional scale. It now employs 62 professionals across six offices, including 18 in data science and technology.
Central to the pitch is TESS, its Tech-Enabled Secondaries System, embedded across sourcing, underwriting, monitoring and portfolio construction. The database covers more than 38,500 private companies and 3,400 private equity funds, letting the firm analyse deals from the underlying company level up.
Led by managing partners Vincent Gombault, Ingmar Vallano and Benoit Verbrugghe, Clipway was structured as a broad partnership, with equity shared widely and no individual owning more than 10% of the firm.
A record debut close underlines investor appetite for secondaries, where LPs seek liquidity in a slow exit market. Clipway's bet is that technology and AI, layered onto experienced judgement, can set it apart in an increasingly crowded field.
Read more: Yahoo Finance
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