Clipway’s inaugural vehicle, launched in June 2023 with a $4bn target, has now exceeded expectations, drawing in $6.4bn in commitments.

The secondaries fund, which began attracting investors in the summer of 2023, benefited from a robust market for liquidity solutions and a strong track record of the team’s prior deals. Early commitments came from both institutional and high‑net‑worth investors seeking exposure to established private equity assets.

Management highlighted disciplined sourcing and a focus on undervalued opportunities in the secondary market. The fund’s structure allows for flexible exit strategies, giving investors confidence in the timing of distributions.

Clipway’s performance underscores a broader trend of renewed interest in secondary transactions, as managers continue to demonstrate their ability to add value beyond primary fundraising cycles.