Congratulations to our longtime client, Consonance Capital Partners, on the first and final close of Consonance Private Equity III, LP. Fund III was heavily oversubscribed, a strong vote of confidence in the Consonance team and strategy, reaching its hard cap in under four months.
The private equity secondary market has evolved from a niche strategy into an increasingly important portfolio management tool and we are still in the early stages of its growth. Monument Group Partner Christine Patrinos recently joined industry leaders at PEWIN's "Secondaries Take Center Stage: Do You Have the Edge?" panel to discuss where the market is headed. Read the key takeaways here.
In a difficult fundraising environment, understanding how LP priorities are evolving has become more important than ever. Our latest research report highlights several themes that emerged while advising three successful lower middle market fundraises.
We are proud to have advised 5th Century Partners on the successful raise of Fund II, which closed above target at $276 million, nearly double the size of its predecessor fund.
Congratulations to our client, HighBrook Investors, a private equity real estate firm, on the successful closing of HighBrook US DCF, LP, with $266 million in total commitments dedicated to a pre-seeded portfolio of data center investments with proprietary access to power in Northern Virginia.
We are proud to have once again advised Union Capital on the first and final close of Union Capital Equity Partners IV. The significantly oversubscribed fund closed at its $450 million hard cap after just four months in the market.