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Landmark Partners
usinfo | 2013-07-04 11:50
Landmark Partners, founded in 1989, is a leading investor in the Private equity secondary market (also known as secondaries). It is based in Simsbury, Connecticut.
The firm was founded by Stanley Alfeld.
Investment Program
Landmark invests primarily as a fund of funds purchasing interests in various investment funds, typically structured as limited partnerships. Landmark acquires positions in venture capital, leveraged buyout and mezzanine capital funds, together with portfolios of companies or stakes in companies from institutions, corporates, government bodies and family offices. Landmark is also one of the only leading secondaries firm that also focuses on the purchase of real estate private equity interests.
Landmark is in the process of finalizing fundraising for a $2 billion fund (Landmark Partners Fund XIV) and a parallel $400 million fund for early secondary transactions. Previously, Landmark was investing out of a $1.2 billion (Landmark Partners Fund XIII), raised in 2005. In recent years, Landmark has focused on purchasing smaller portfolios than larger competitors Lexington Partners and Coller Capital.
In 2007, Landmark participated in the sale of assets by American Capital Strategies to a newly formed $585 million private equity fund.
In 2004, Landmark acquired a $1 billion portfolio of private equity fund interests from Bank One.
Alumni
Former professionals from Landmark Partners have gone on to found some of the largest secondary focused private equity groups in the US, most notably Lexington Partners and Newbury Partners.
Competitors
Landmark's largest competitors in the private equity secondary market include market leading dedicated secondary firms (Coller Capital and Lexington Partners), large fund of funds (HarbourVest Partners, AlpInvest Partners), certain investment banks (Goldman Sachs and Credit Suisse as well as mid-sized secondary firms (Pomona Capital, Newbury Partners, Paul Capital) focusing on more traditional purchases of private equity fund interests.
The firm was founded by Stanley Alfeld.
Investment Program
Landmark invests primarily as a fund of funds purchasing interests in various investment funds, typically structured as limited partnerships. Landmark acquires positions in venture capital, leveraged buyout and mezzanine capital funds, together with portfolios of companies or stakes in companies from institutions, corporates, government bodies and family offices. Landmark is also one of the only leading secondaries firm that also focuses on the purchase of real estate private equity interests.
Landmark is in the process of finalizing fundraising for a $2 billion fund (Landmark Partners Fund XIV) and a parallel $400 million fund for early secondary transactions. Previously, Landmark was investing out of a $1.2 billion (Landmark Partners Fund XIII), raised in 2005. In recent years, Landmark has focused on purchasing smaller portfolios than larger competitors Lexington Partners and Coller Capital.
In 2007, Landmark participated in the sale of assets by American Capital Strategies to a newly formed $585 million private equity fund.
In 2004, Landmark acquired a $1 billion portfolio of private equity fund interests from Bank One.
Alumni
Former professionals from Landmark Partners have gone on to found some of the largest secondary focused private equity groups in the US, most notably Lexington Partners and Newbury Partners.
Competitors
Landmark's largest competitors in the private equity secondary market include market leading dedicated secondary firms (Coller Capital and Lexington Partners), large fund of funds (HarbourVest Partners, AlpInvest Partners), certain investment banks (Goldman Sachs and Credit Suisse as well as mid-sized secondary firms (Pomona Capital, Newbury Partners, Paul Capital) focusing on more traditional purchases of private equity fund interests.
