Netley Capital announced that it has secured additional capital commitments, bringing its total committed, deployable capital to approximately $825 million as demand grows for its specialized tertiary investing strategy.
The milestone reflects strong institutional interest in the firm’s approach, which focuses on acquiring existing investors’ interests in secondary private equity funds. Since launching in September 2025 with $315 million in capital, Netley has attracted backing from blue-chip institutional investors and leading family offices.
Tertiary investing represents an expanding segment within private markets, targeting positions in secondary funds that themselves hold stakes in underlying private equity portfolios. Netley concentrates on funds with exposure to mid- and large-cap global buyout strategies, aiming to provide tailored liquidity solutions as investor demand for flexibility increases.
The announcement comes amid continued growth in the secondary market, with transaction volumes reaching $226 billion in 2025, a 41% increase year over year. This trend reflects rising demand from investors seeking liquidity and more dynamic portfolio management tools.
Since its inception, Netley has completed five tertiary transactions, acquiring more than $700 million in net asset value across multiple secondary private equity funds from a diverse range of counterparties. The firm noted that its deal pipeline remains strong heading into the remainder of 2026.
In addition, Netley announced the appointment of Andrew Kirk as Vice President, Investment Analytics. A qualified actuary, Kirk will support the firm’s data and analytical capabilities as it continues to scale its platform.
Netley Capital is focused exclusively on tertiary transactions within private equity secondaries, positioning itself as a specialized provider of customized liquidity solutions in a rapidly evolving segment of the private markets ecosystem.
KEY QUOTES
“We are delighted with the continued support from our investors. This additional capital reinforces the strength of the tertiaries opportunity and the market’s recognition of its potential. Our strategy addresses a clear and growing need, and we see tailored liquidity solutions as a natural evolution of the private markets ecosystem.”
“We believe that tertiary transactions play an increasingly meaningful role in overall secondary market activity, as reflected in our strong deal flow. Our pipeline remains very robust as we look ahead to the remainder of 2026.”
Caspar Berendsen, Managing Partner, Netley Capital
