Banner Ridge Partners, a NYC-based multi-strategy private equity investment firm, has completed fundraising for Banner Ridge Secondary Fund V (“BRP V”), at £2.15 Billion.
The fund was oversubscribed, receiving capital commitments from a wide range of institutional investors, including pension funds and several prominent family offices. This is the fifth fundraise since the firm became an independent business in June 2019.
Since the strategy’s inception in 2010 at its prior firm, the Partners at Banner Ridge have committed over $3.0 Billion to over 150 discrete managers focused on distressed, special situations, and credit strategies globally. Through primary, secondary, and co-investments with private equity sponsors in its target market, Banner Ridge will focus on investing in a subset of the market characterized by both complexity and limited access to information.
Co-founded by C.J. Driessen, and Anthony Cusano, Banner Ridge Partners is a $7.3 billion alternative investment specialist that identifies private equity managers in niche markets. The firm manages discrete investment vehicles for primary, co-investment, and secondary investment strategies.
FinSMEs
05/01/2024