The oversubscribed fund will target technology investments through direct secondaries.
Stableton will contribute its secondary market expertise, while Mnaara provides a Shariah-compliant investment methodology to target the 15 largest private tech unicorns in developed markets.
Industry Ventures Secondary XI, which remains in the market, received a $150 million commitment from the South Carolina Retirement System in July.
The fund's 2023-vintage predecessor closed with $212 million in capital commitments, according to SecondaryLink Data.
The equity management platform is expanding into private market liquidity, with plans to develop a secondary marketplace for company-approved transactions.
Nimble Partners Opportunities Fund III is targeting $200 million in capital commitments, SecondaryLink has learned.
TrueBridge Secondaries II will invest in venture funds and direct secondary transactions involving venture-backed companies.
Avendus Future Leaders Fund III, which is already 30% deployed, has invested ~$15 million in Parag Parikh Financial Advisory Services via secondary.
The Sydney-based manager has launched its inaugural fund, targeting investments across five AI growth vectors.
Key Capital's debut fund, which targets positions in tech companies through off-cap-table transactions, has already completed two transactions to date.
