LTC Invest Fund V, which is targeting $250 million in size, is reportedly anchored by Founder and CEO Konstantin Sidrov and Revolut Chairman Martin Gilbert.
SecondaryLink first reported on the Euronext-listed manager's plans to launch credit & infrastructure secondaries products in July.
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.
StepStone VC Secondaries Fund VII has already held its first close at $1 billion, with total capital commitments having exceeded $1.3 billion in August, according to SecondaryLink Data.
The London-based manager is reportedly expanding its secondaries platform following a record $6.4 billion flagship close in July.
The Geneva-based firm targets late-stage single-asset secondary investments across technology and digital ventures.
The oversubscribed vehicle will make sub-€20 million investments exclusively in European VC funds.
Key Capital's debut fund, which targets positions in tech companies through off-cap-table transactions, has already completed two transactions to date.
