OnePrime Capital's Remarkable Achievement in Secondary Fundraising
OnePrime Capital, a distinguished player in the technology investment sector, has recently completed a significant milestone by closing its OnePrime Secondary Fund III, L.P. at an impressive $305 million, surpassing its initial target of $275 million. This milestone comes just eight months following the launch of the fund in October 2024 and is indicative of the robust confidence that investors have in OnePrime's unique market strategies.
Strong Investor Confidence on Display
The Fund III initiative drew not only considerable backing from OnePrime's existing investor base but also welcomed several new institutional investors. The diverse participant pool includes family offices, endowments, foundations, insurance companies, and pension funds, showcasing an extensive geographical reach that spans North America, Asia, Europe, and Latin America.
Marc Yi, the Managing Partner of OnePrime, expressed appreciation for the overwhelming support from both returning and newcomer partners. He remarked, "The rapid fundraising timeline, culminating in an oversubscription, is a strong testament to the market’s trust in our team and our proven track record in technology secondaries."
Continuing a Successful Strategy
Adding to this sentiment, Raj Gollamudi, another Managing Partner at OnePrime, underscored the importance of Fund III in facilitating the firm’s ongoing commitment to technology sector investments. He stated, "This fund enables us to build upon our success as a leading secondary direct investor in technology. Our established expertise as primary technology investors, coupled with over seven years dedicated to secondary market investing, lends us a unique perspective that resonates significantly with institutional investors."
Through its profound understanding of complex and specialized situations, OnePrime Capital continues to carve a niche in the technology secondary market. The company prioritizes tailored solutions, firmly believing that each scenario is distinct and necessitates a process that is innovative, adaptable, private, and efficient. This company-centric approach aims to position OnePrime as a trusted ally to prominent technology firms and their current investors.
Background on OnePrime Capital
OnePrime Capital is recognized as a specialist in providing customized liquidity solutions to shareholders within the technology sphere. The firm’s investment strategy focuses exclusively on direct secondary investments in high-growth, late-stage software companies. OnePrime leverages its deep domain knowledge and more than two decades of primary investment experience to navigate the dynamic tech landscape effectively.
As OnePrime continues to make strides in the funding landscape, the completion of Fund III is not just a numeric success but a reflection of evolving trust in the company's strategies and expertise. For more information regarding OnePrime Capital and their latest developments, you can visit their official website at
www.oneprimecapital.com.