Charlesbank backs Toronto's Overbay, a $3B PE secondaries firm

What's the deal? Charlesbank Capital PartnersDealroom has a profile for this one. Try Dealroom → has made a strategic investment in Overbay Capital PartnersDealroom has a profile for this one. Try Dealroom →, a Toronto-based private equity secondaries firm with roughly $3 billion in assets under management.

What does Overbay do? Founded in 2016, the firm focuses on highly diversified LP-led secondaries across private equity, growth equity, and venture capital. It carries specialised expertise in technology, sports, and funds-of-funds.

The signal: The investment underscores continued institutional appetite for the secondaries market, where firms buy existing stakes in private funds — a strategy that offers liquidity to investors locked into long-dated commitments.

Read more: The Middle Market

Image credit: The City of Toronto