Netley Capital reaches $1.2B for tertiaries strategy after debut fund's final close
What's the deal? Netley CapitalDealroom has a profile for this one. Try Dealroom →, a private investment firm focused on tertiary investing, said it now holds about $1.2 billion in committed, deployable capital following the final close of its flagship fund. Netley Capital Tertiaries Fund 1 closed in July 2026 at an extended hard cap and was significantly oversubscribed.
Why now? The firm launched in September 2025 with $315 million and has since drawn backing from institutional investors and family offices. Tertiary investing means acquiring existing investors' interests in secondary private equity funds; Netley targets funds with exposure to mid- and large-cap global buyout funds.
What's the endgame? Netley describes itself as the only manager of scale fully dedicated to tertiary transactions, offering customised liquidity solutions on accelerated timetables. "Our strategy addresses a clear and growing need, and we see tailored liquidity solutions as a natural evolution of the private markets ecosystem," said managing partner Caspar Berendsen.
By the numbers: Secondary market transaction volumes hit $226 billion in 2025, up 41% on 2024, according to Evercore Private Capital AdvisoryDealroom has a profile for this one. Try Dealroom →. First-half 2026 volumes topped $120 billion, the strongest first half on record and up nearly 20% year-over-year.
The signal: A rapidly expanding secondaries market is opening room for niche strategies further down the chain. "We believe that tertiary transactions play an increasingly meaningful role in overall secondary market activity," Berendsen said, adding that the firm's pipeline "remains very robust" into 2027.
Read more: finanznachrichten.de
Image credit: David C. Foster
