50 South Capital Advisors, Northern Trust Asset Management’s global alternatives investment manager, has held the final closings of two of its flagship private equity funds, both significantly exceeding their fundraising targets.
Private Equity Strategic Opportunities Fund V closed with $1.2bn in commitments and Private Equity Core Fund XI closed with $893m in commitments, with investors across wealth, family offices, intermediaries, consultants, and institutions.
PESOF V is 50 South Capital’s fifth dedicated secondaries fund and continues the firm’s multi-strategy approach to the secondaries market, targeting LP-led transactions, GP-led single- and multi-asset continuation vehicles, and structured/preferred equity solutions.
PECF XI is the firm’s eleventh core flagship private equity fund, investing across primary, secondary, and co-investment opportunities globally, with a focus on US and European small and middle market buyouts, as well as seed and early-stage venture capital.
