Landmark Seeks $2.5 Bln for New Secondary Fund

Landmark Partners is seeking $2.5 billion for its next secondary fund, according to a person familiar with the situation.

Landmark Equity Partners XV LP, which just came to market, will primarily look to purchase buyout fund stakes from firms that focus on Western markets, this person said, noting that the fund can invest globally.

The amount sought is slightly more than the $2 billion the firm raised for its most recent fund, Landmark Equity Partners XIV LP, in 2008. That fund has completed 25 deals representing 198 interests in 184 partnerships, according to the firm’s website.

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