Banner Ridge Partners, a $7.3 billion multi-strategy private equity investment firm, has completed fundraising for Banner Ridge Secondary Fund V (BRP V) at its hard cap with $2.15 billion of total commitments.
BRP V is the latest fund to be raised as part of the firm's flagship secondary program. The fund was oversubscribed, receiving capital commitments from a wide range of institutional investors, including pension funds and several prominent family offices. This is the fifth fundraise since the firm became an independent business in June 2019.
Since the strategy's inception in 2010 at its prior firm, the Partners at Banner Ridge have committed over $3.0 billion to over 150 discrete managers focused on distressed, special situations, and credit strategies globally. Through primary, secondary, and co-investments with specialist private equity sponsor