Netley Capital Secures Additional Capital for Tertiaries Franchise
Netley Capital, a London-based private investment firm focused on tertiary investing, has secured additional committed capital, bringing its total deployable capital to approximately $825 million from $315 million at its launch in September 2025, according to Private Equity Wire.
Expansion of Tertiaries Franchise
In a press statement, Netley Capital stated that the additional commitments reflect strong institutional and family office demand for customized liquidity solutions in the private equity secondary market. Since its launch, the firm has completed five tertiary transactions, acquiring over $700 million in net asset value across a range of secondary private equity funds. Netley targets secondary fund interests with exposure to mid- and large-cap global buyouts, aiming to provide liquidity to investors while unlocking value in under-explored segments of the secondary market.
Investor Demand and Market Context
Caspar Berendsen, Managing Partner of Netley, noted that the continued backing from investors underscores the strength of the tertiaries opportunity and the market’s recognition of its potential, while also addressing a growing need for tailored portfolio management tools to help investors optimize allocation and liquidity within private markets. Tertiary investing is gaining momentum as secondary market transaction volumes reached $226 billion in 2025, up 41% year-on-year, according to Evercore Private Capital Advisory. Netley’s strong deal flow and pipeline position the firm to continue capturing opportunities throughout 2026, according to Private Equity Wire.
Leadership Enhancements
In addition, Netley has appointed Andrew Kirk as Vice President of Investment Analytics to enhance the firm’s data and analytical capabilities, supporting portfolio assessment and transaction execution.
