FW Capital has an active secondary program that enables our team to invest in secondary transactions through dedicated secondary funds and our funds of funds program.
We purchase interests in venture capital, buyout, mezzanine and other private equity funds. FW Capital looks for opportunities to purchase primarily mature funds in which the general partner is a going concern. Our dedicated team leverages its existing fund and direct investing capabilities in our secondary programs for both deal flow and due diligence.
This fund was established as a dedicated pool of capital to invest in secondary opportunities. $59.8 million in committed capital; purchased interests in 16 secondary transactions; fully invested.
FW Capital applies a thoughtful and consistent approach to secondary transactions.
In evaluating secondary opportunities, FW Capital's investment professionals review all aspects of a firm, including targeted investment industry, underlying company performance, partnership construction and the firm's market position. We ensure that the general partner is a going concern and has the proper incentives to maximize the value of the portfolio. We target investments of $1 million to $20 million and have negotiated traditional secondary purchases as well as structured solutions to meet all party's needs.