Clipway, a London-based firm set up by a team of Ardian veterans, has reached a $6.4 billion final close on its maiden fund—a global record for a debut secondaries vehicle.
The raise defies a trend toward capital consolidating around scale incumbents, as it leverages an AI-driven sourcing system built to compete with much larger rivals.
The firm—which was set up just three years ago by a founding team including Vincent Gombault, Ingmar Vallano, and Benoît Verbrugghe—started raising its first fund, Clipway Secondary Fund I, in 2023 with a $4 billion target.
The fund closes 60% above its original goal and drew commitments from 186 LPs, with Europe supplying 44% of capital, North and Latin America 21%, the Middle East 18% and Asia 17%. Some of the firm's strategic partners include Mubadala Investment Company, Carmignac and General Atlantic.
Clipway sets itself apart by embedding its own tech-enabled system, TESS, throughout its investment process—a database covering more than 38,500 private companies that screens and underwrites deals before a human reviews them.
#investment #team #capital
The raise defies a trend toward capital consolidating around scale incumbents, as it leverages an AI-driven sourcing system built to compete with much larger rivals.
The firm—which was set up just three years ago by a founding team including Vincent Gombault, Ingmar Vallano, and Benoît Verbrugghe—started raising its first fund, Clipway Secondary Fund I, in 2023 with a $4 billion target.
The fund closes 60% above its original goal and drew commitments from 186 LPs, with Europe supplying 44% of capital, North and Latin America 21%, the Middle East 18% and Asia 17%. Some of the firm's strategic partners include Mubadala Investment Company, Carmignac and General Atlantic.
Clipway sets itself apart by embedding its own tech-enabled system, TESS, throughout its investment process—a database covering more than 38,500 private companies that screens and underwrites deals before a human reviews them.
#investment #team #capital
2 months ago
