Leonard Green & Partners Targets $1.5 Billion for Debut GP-Led Secondaries Fund

Leonard Green & Partners is launching its first GP-led secondaries fund with a target of $1.5 billion. This move signals the firm's strategic entry into the burgeoning secondaries market. The fund will focus on providing liquidity solutions for investors in older funds while allowing Leonard Green to retain and manage its high-performing assets.

AlpInvest Partners is expected to play a pivotal role in this multi-asset secondary deal, leveraging its expertise to navigate the complex landscape of secondaries transactions. The fund aims to capitalize on the growing demand for secondary market investments, driven by limited capital chasing such opportunities.

This initiative aligns with Leonard Green's strategy to diversify its investment portfolio and strengthen its position in the private equity sector. The firm’s established track record and robust investment approach are anticipated to attract substantial interest from institutional investors​ (BNN Bloomberg)​​ (Buyouts)​​ (Buyouts)​.