Charlesbank Capital Partners has completed a new stake in the Toronto‑based secondaries private equity firm Overbay. The transaction omitted a disclosed value, but the investment underscores confidence in Overbay’s $3 billion assets under management.

Rob Mc Grath remains CEO of Overbay, guiding its strategy. The Overbay team stays a major long‑term shareholder alongside Charlesbank Capital Partners, preserving the firm’s operational independence and control over investment decisions.

The deal comes as the secondary market gains traction among institutional investors. With Charlesbank’s backing, Overbay can broaden its deal pipeline, potentially accelerating growth and expanding its reach beyond Canada.

For investors, the partnership signals that Overbay can access fresh capital while maintaining its niche focus. Limited regulatory shifts accompany the move, but the added liquidity may improve deal sourcing and returns for stakeholders.