Blue Earth has raised $100 million for its inaugural dedicated secondaries strategy, according to head of private equity partnerships Nicolas Muller. The firm is actively seeking to raise a total of $300 million for the fund, targeting the market for buying existing stakes in private equity funds.

This move taps into a growing institutional appetite for secondaries, which offer quicker capital deployment and portfolio diversification. Blue Earth's strategy comes as limited partners seek liquidity and managers look to manage their vintage year exposure, a trend that has fueled significant growth in the secondaries market.

The final close of the fund will be closely watched by placement agents and rival firms. Success here could position Blue Earth as a more prominent player in the competitive secondaries space, where scale and track record are critical for attracting large institutional commitments.