Langham Hall has supported Clipway on the successful final close of its secondary fund, Clipway Secondary Fund I (“CSF I”), at $6.4 billion. This marks the largest-ever debut secondaries platform and establishes Clipway as the world’s largest independent, dedicated, tech-enabled secondaries firm.

CSF I focuses on diversified LP-led secondary transactions in North American and Western European buyout funds. The final close comes at a time of significant growth in the global secondaries market driven by the continued expansion of private markets, slower exit activity and increasing demand for LP liquidity. CSF I secured commitments from 186 limited partners globally, including sovereign wealth funds, pension plans, insurance companies, endowments, foundations, family offices and other leading institutional investors.

Langham Hall’s team, led by Elijah Kanevskiy, Head of Luxembourg and Hanny Tirta, Head of Regulatory Hosting, provides fund administration, AIFM and depositary services from its Luxembourg office, supporting Clipway from launch through to final close.

Clipway has received fundraising support from Mubadala Investment Company, Carmignac and General Atlantic.

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‍Elijah Kanevskiy, Head of Luxembourg, Langham Hall said: “It has been a pleasure to work with Clipway on this milestone fundraise. This is a remarkable and well-deserved achievement and we are proud to have worked alongside the team as they established the largest-ever debut secondaries platform and the world's largest independent secondaries firm.”

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‍Hanny Tirta, Head of Regulatory Hosting, Langham Hall said: “We have supported Clipway from its establishment in the UK, providing regulatory cover under the FCA regime and journeying with them to provide one-stop-shop support on this landmark fund. We look forward to working with the team as they capture the opportunities the secondaries market presents and go from strength to strength.”

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‍Millie Silver, CFO, Clipway said: “Closing CSF I is a defining milestone for Clipway and we are grateful for the trust placed in us by our investors and strategic partners. Langham Hall has been a fantastic partner, delivering exceptionally high-quality support with precision and efficiency. Their excellence in what they do has allowed us to focus on the job of investing and creating value.”