Netley Capital has reached approximately $1.2 billion in committed, deployable capital for its tertiary investment strategy following the final close of its flagship fund at an extended hard cap.
The London-based private investment firm launched in September 2025 with $315 million in committed capital and has since attracted institutional investors and family offices.
Netley Capital Tertiaries Fund 1 completed its final close in July 2026 and was significantly oversubscribed.
Netley’s strategy focuses on tertiary transactions, which involve acquiring existing investors’ interests in secondary private equity funds.
The firm primarily targets secondary funds with underlying exposure to mid-cap and large-cap global private equity buyout funds.
Netley believes the strategy addresses growing demand from private-market investors for liquidity and portfolio management solutions.
The broader secondary market recorded approximately $226 billion in transaction volume during 2025, up 41% from 2024. Volumes exceeded $120 billion during the first half of 2026, representing the strongest first half on record and growth of nearly 20% year over year.
KEY QUOTE:
“We greatly appreciate the support that we have received from investors. Our debut fund was oversubscribed and closed at an extended hard cap, which we believe 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 and into 2027.”
Caspar Berendsen, Managing Partner of Netley Capital
