Its predecessor raised over $300 million in capital commitments, closing at twice its target earlier this year.
The firm is looking to match the size of its predecessor, which closed in 2023 with $22 billion in capital commitments.
Fundraising momentum continues for the energy-focused investment firm's sophomore vehicle.
The energy-focused secondaries firm closed its oversubscribed debut vehicle in November 2025, securing $430 million in capital commitments.
The Sydney-based manager has launched its inaugural fund, targeting investments across five AI growth vectors.
This will be the first of several planned vehicles aimed at advancing secondary market activity, primarily in the Japanese market.
"Since launching our first energy secondaries fund in 2023, we have raised nearly $350 million and deployed over $250 million," said CEO Brian Casey.
The newly launched firm provides liquidity solutions for energy and infrastructure sponsors and management teams.
The firm's secondaries business topped the $100 billion AUM milestone during the first quarter.
In an interview with SecondaryLink, Westwood's Greg Reid discusses strategy evolution and the forces driving opportunity in energy secondaries.
