Clipway raises record $6.4bn for debut secondaries fund

Clipway's record-breaking $6.4 billion debut secondaries fund positions it as the top player in the independent secondaries management sector. This massive haul underscores the growing demand for secondaries, which involve buying stakes in private equity funds rather than directly investing in startups or companies. The impressive fundraising achievement reflects not just Clipway's prowess but also highlights the expanding opportunities and interest in the secondaries market, which is becoming an attractive alternative to direct private equity investments.