Managed by Fundcraft France and initially distributed exclusively by Rhétorès Finance, the vehicle will combine primary and secondary investments, with monthly subscriptions and quarterly redemptions.
Led by Goldman Sachs and StepStone secondaries alum Viman Singh, TSO will target complex liquidity and capital solutions across the private markets ecosystem.
The firm has appointed Loïc Beaumont as Head of Private Equity to lead the initiative that targets LP-led secondary positions in European buyout funds.
The new offering, Sponsor Capital Solutions, will be led by Justin Garrod, who joins as Managing Director.
The €120 million vehicle is backed by anchor investor CommonWealth Investments, alongside Blue Earth Capital and Swisscanto.
The strategy is reportedly targeting $1 billion, three years after General Atlantic took a minority stake in Clipway.
