Sweetwater Targets $650M Raise with Fourth Secondaries Fund

Sweetwater Private Equity is launching the fourth generation of its secondaries fund series with a target size of $650M, per the firm’s Form D filing dated October 17.

Sweetwater Secondaries Fund IV will be the PE firm’s biggest vehicle to date. It follows in quick succession on the January final close of its predecessor fund, which received a total $505M in capital commitments, including $50M from the New Mexico State Investment Council, per Dakota data. The fund series specializes in acquiring secondary interests in private equity fund investments in companies delivering technology, healthcare, and consumer products and services. 

According to its website, Encinitas, CA-based Sweetwater has closed more than 50 transactions and deployed over $500M in capital to its portfolio companies since 2016.

Source: https://www.sec.gov/Archives/edgar/data/2041721/000203887824000002/xslFormDX01/primary_doc.xml

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Written By: Dakota

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