The "secondaries of secondaries" strategy targets existing investors' interests in private equity secondary funds.
Builders Vision, iAlumbra Capital, and Sonen Capital have joined the investor base as the fund continues deploying capital.
The participants plan to expand the range of transferable private credit assets and improve verification as tokenized secondary markets develop.
Owner billionaire Dan Gilbert is reportedly looking to sell up to 15% of the NBA franchise.
We dive into the sports-focused interval fund, which targets investment opportunities through primaries, secondaries, and co-investments.
The announcement comes as investors in Blue Owl's non-traded BDC shunned an earlier Saba and Cox Capital joint-offer to repurchase shares at a steep discount.
