OnePrime Capital Secures $305 Million for Secondary Fund III
OnePrime Capital Successfully Closes Fund III
OnePrime Capital, a leading technology secondary specialist, has exciting news regarding its recent fundraising efforts. The firm has successfully closed OnePrime Secondary Fund III, L.P. at $305 million in committed capital, surpassing the ambitious target of $275 million. This remarkable achievement reflects strong investor confidence in OnePrime's innovative strategy within the technology secondary market.
Strong Investor Support
This latest fund closure occurred just eight months after the firm launched Fund III. The overwhelming support from existing investors and the addition of new institutional investors highlight the firm's solid reputation and trust within the investment community. OnePrime's diverse investor base comprises family offices, endowments, foundations, insurance companies, and pension funds from various regions including North America, Asia, Europe, and Latin America.
Insights from Leadership
Marc Yi, Managing Partner at OnePrime Capital, expressed gratitude for the robust support from limited partners: "The rapid eight-month fundraising timeline and fund oversubscription demonstrate the market's confidence in our team and proven track record in technology secondaries." His sentiments were echoed by fellow Managing Partner Raj Gollamudi, who highlighted how Fund III will continue OnePrime's expansion as a leading secondary direct investor in technology.
Background and Strategy
OnePrime Capital has steadily established itself as a key player in the technology secondary market over the years. The firm focuses on unique and complex situations to provide customized solutions that reflect their belief in the individuality of each scenario. Their creative, flexible, and efficient approach has garnered a reputation for delivering results. This commitment extends to being a trusted partner for prominent technology companies and their investors.
Expertise and Experience
The firm leverages over two decades of primary investment experience to inform their direct secondary strategy. Their focus is exclusively on high-growth, late-stage software companies, allowing them to provide in-depth, informed solutions tailored to the needs of shareholders seeking liquidity. The unique combination of their experience and understanding of the technology sector forms the foundation of OnePrime's success.
Legal Counsel and Support
Morgan, Lewis & Bockius LLP served as legal counsel during the formation of Fund III, ensuring compliance and supporting OnePrime Capital through this critical undertaking.
Frequently Asked Questions
What is OnePrime Capital known for?
OnePrime Capital specializes in technology secondary investments, focusing on high-growth software companies.
How much capital did OnePrime Capital raise for Fund III?
OnePrime Capital successfully closed Fund III at $305 million, surpassing its initial target of $275 million.
Who are the investors in Fund III?
Fund III has attracted a diverse group of investors, including family offices, endowments, foundations, insurance companies, and pension funds from around the world.
What is the strategy behind Fund III?
The strategy focuses on investing in unique and complex situations within the technology secondary market, delivering tailored solutions to firms and their investors.
What experience does OnePrime Capital have?
OnePrime Capital draws from over two decades of primary investment experience, enhancing its expertise in the technology sector.
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