Glouston Capital Closes Seventh Flagship Secondaries Fund at $558M

Boston-based, employee-owned private equity investment firm Glouston Capital Partners has closed its oversubscribed Glouston Private Equity Opportunities VII flagship fund at $558M, the largest fundraise for the firm’s secondaries strategy.

Fund VII exceeded its $450M target and the $309.5M raised for Fund VI, with Fund VII reportedly 70% committed, according to a report from Secondaries Investor. As with its predecessors, the latest fund will focus on opportunistic secondary investments in North American private equity, in both LP- and GP-led deals. Proskauer served as advisor to GCP for Fund VII. 

GCP launched its first dedicated multi-manager private equity fund in 1994 and manages secondary and primary buyout, co-investment, and custom private equity strategies. The firm reported having $3.4B in committed capital as of December 31, 2024.

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Written By: Dakota

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