Argosy Capital’s secondaries arm closed a new fund of $145 million, more than twice the size of its predecessor. The vehicle targets deals between $100,000 and $10 million, positioning the firm to capture a broader slice of the secondary market. Investors now have a larger pool to deploy against a growing supply of distressed assets across global markets today and beyond today.

Christopher Kim, managing partner of Strategic Partners, said the fund surpassed its $125 million target when it closed at the end of May. The upside signals confidence from limited partners amid rising demand for secondary allocations. A larger capital base allows Argosy to pursue higher‑yield opportunities and to compete with larger, more established players in the space against industry peers today.

The doubled fund size positions Argosy to capture a larger share of the secondary market, which has seen a surge in transaction volume over the past year. With more capital, the firm can target larger deals and diversify its portfolio across sectors. This move may pressure competitors to reassess their fund sizes and investment strategies in the global finance arena.