Landmark launched the market’s first private equity secondaries fund in 1990. Founded on a heritage of innovation, we continue to maintain a differentiated investment strategy that utilizes our internal research process to provide customized transaction solutions to institutional investors and fund sponsors. Today we have committed over $18.0 billion to private equity secondaries, generating a track record that spans over 450 closed transactions, through which we have acquired over 1,625 underlying partnerships and investments in over 17,000 companies.
Investment Strategy & Portfolio Construction
Landmark’s private equity investment strategy seeks to:
Utilize our research resources to drive relationships and information advantages
Find or create opportunities in non-competitive channels
Drive investment results through underwriting, transaction structuring and portfolio construction
Key attributes of our private equity secondaries transactions include:
Partnerships with brand-name institutional and alpha generating managers
Investments in durable, performing assets with attractive capital structures
Customized transaction structures that address key buyer and seller needs
Landmark has established a robust track record of providing customized private equity transaction solutions to institutional limited partners and general partners.
Our private equity secondaries team acquires interests across a range of partnership vehicles, including private equity funds, multi-asset portfolios, as well as single asset joint ventures. Transactions can be arranged as traditional sales or preferred equity structures. Landmark has established itself among the most active private equity secondary investors engaged in recapitalizing and restructuring private equity funds - transactions that can address pending fund maturity, strategy change or the need for additional equity capital.
Landmark’s private equity program can also structure and invest in general partner growth and transition. These transactions provide capital to general partners for product development or balance sheet growth, without requiring the sale of a permanent stake in their business.