Key Takeaways
- • Clipway, a global secondaries firm launched last year that uses machine learning to price secondaries deals, is reportedly seeking $1.5bn for an infrastructure secondaries strategy, according to a Wall Street Journal headline.
- • General Atlantic and Carmignac have completed their investment in Clipway, a publisher-context report indicates.
- • The available sources do not provide the fund's structure, final close status, or detailed terms, so the target figure should be treated as reported rather than confirmed.
Summary
The Wall Street Journal reported that Clipway is eyeing $1.5bn for infrastructure secondaries deals. The original article could not be retrieved, so the details below are drawn from headlines, snippets and related coverage.
Clipway is described as a global secondaries firm that launched last year and uses machine learning to better price secondaries transactions. According to publisher context, General Atlantic, a technology investor, and Carmignac, an asset manager, completed their investment in Clipway. Related listings describe Clipway as a global secondaries investment firm with more than $6.4bn in assets under management, though that figure comes from an event listing and has not been independently verified in the available material.
The $1.5bn target would position Clipway's infrastructure secondaries effort within a growing segment of the secondaries market, where buyers acquire existing LP interests or fund positions in infrastructure assets. Other infrastructure fundraising in the same period, including StepStone's debut infrastructure raise, which was reported as doubled to reach $1.5bn, was referenced in adjacent coverage but is a separate event and should not be conflated with Clipway's target.
Allocators tracking secondaries and infrastructure should note that the available sources do not confirm whether the $1.5bn is a hard cap, a first close, or a target. Further detail on fund terms, investor base and timing would need to be confirmed against the original WSJ report.
Clipway is described as a global secondaries firm that launched last year and uses machine learning to better price secondaries transactions. According to publisher context, General Atlantic, a technology investor, and Carmignac, an asset manager, completed their investment in Clipway. Related listings describe Clipway as a global secondaries investment firm with more than $6.4bn in assets under management, though that figure comes from an event listing and has not been independently verified in the available material.
The $1.5bn target would position Clipway's infrastructure secondaries effort within a growing segment of the secondaries market, where buyers acquire existing LP interests or fund positions in infrastructure assets. Other infrastructure fundraising in the same period, including StepStone's debut infrastructure raise, which was reported as doubled to reach $1.5bn, was referenced in adjacent coverage but is a separate event and should not be conflated with Clipway's target.
Allocators tracking secondaries and infrastructure should note that the available sources do not confirm whether the $1.5bn is a hard cap, a first close, or a target. Further detail on fund terms, investor base and timing would need to be confirmed against the original WSJ report.
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