50 South Capital Advisors, part of Northern Trust Asset Management, announced the final closings of two flagship private equity funds, surpassing their fundraising goals. Private Equity Strategic Opportunities Fund V (PESOF V) closed with $1.2 billion, and Private Equity Core Fund XI (PECF XI) with $893 million, attracting investors from wealth, family offices, intermediaries, consultants, and institutions.
PESOF V is the fifth secondaries fund, continuing the firm’s multi-strategy approach, focusing on LP-led transactions, GP-led continuation vehicles, and structured equity.
PECF XI is the eleventh core flagship fund, investing globally in primary, secondary, and co-investment opportunities, primarily in U.S. and European small and mid-market buyouts, as well as seed and early-stage venture capital.
KEY QUOTES:
“PESOF V represents the culmination of over 15 years of experience investing in the secondaries market. Our differentiated approach, focusing on less competitive and more complex segments of the market, enables us to acquire what we believe to be high-quality assets at attractive valuations. We continue to benefit from our proprietary sourcing ecosystem, developed over close to 25 years of deep manager relationships and institutional knowledge.”
Adam Freda, managing director and head of the secondaries business at 50 South Capital
“We are proud of the strong support from both returning and new investors in PECF XI. Our strategy reflects our deep commitment to diversification across geography, vintage, sector and strategy, and our ability to be a value-added limited partner. We leverage the global reach and insights of Northern Trust to remain highly selective and conviction-driven in our investment approach.”
Brad Dorchinecz, co-founder of 50 South Capital and managing director of its private equity group
“The successful closings of PESOF V and PECF XI speak to the strength of our investment platform, the dedication of our team and Northern Trust, and the enduring partnerships we’ve built over nearly 25 years. We are humbled by the continued trust and commitment from our investors.”
Bob Morgan, co-founder and head of 50 South Capital
