# August PE III USD Secondaries

August PE III USD Secondaries is a Generic based in Luxembourg, Luxembourg.

## Overview

- **Organization type:** Generic
- **Headquarters:** Luxembourg, Luxembourg
- **Region:** Europe
- **Address:** Luxembourg, Luxembourg
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

August PE III USD Secondaries is a Luxembourg-registered fund vehicle formed to invest in the private-equity secondary market. The vehicle targets limited-partner interests in mature US-dollar private-equity funds, buying seasoned portfolios from investors seeking early liquidity. This structure places it within the broader August brand, a European manager known for assembling diversified fund-of-funds and secondary portfolios for institutional clients. The strategy concentrates on acquiring secondary stakes across a range of private-equity sub-strategies — typically buyout, growth and venture funds — with a preference for US-dollar exposure. By purchasing existing commitments, the vehicle accelerates the J-curve and reduces the blind-pool risk inherent in primary fund commitments. Target sellers are often banks, pension funds, and family offices rebalancing their private-market allocations. The portfolio construction emphasizes diversification across vintage years, geographies, and general partners. Luxembourg serves as the domicile, leveraging the jurisdiction's well-established regulatory framework for alternative investment funds. The vehicle benefits from Luxembourg's network of tax treaties and fund-administration infrastructure, which is standard for European-raised capital targeting global private-markets exposure. Team size and specific deployment figures have not been publicly disclosed. Structurally, the vehicle operates as a dedicated secondary fund rather than an open-ended evergreen platform or an opportunistic sleeve within a larger fund-of-funds. This locked-up, drawdown structure aligns the vehicle with classic secondary-fund economics, where committed capital is called as interests are acquired and returns are realized through underlying-fund distributions over a defined life.

## Sectors

- Private Equity Secondaries
- Fund of Funds

## Questions

### How is the vehicle structured?

It is structured as a closed-end, drawdown fund domiciled in Luxembourg — a standard model for secondary-fund vehicles in Europe. Investors commit capital upfront, and the manager calls it as secondary positions are acquired. Distributions flow back to investors as the underlying portfolio funds themselves realize investments and return capital.

## Related profiles

- [Aston Capital Management](https://altss.com/profile/aston-capital-management)
- [Avadis Private Equity World XVII](https://altss.com/profile/avadis-private-equity-world-xvii)

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Updated: 2026-06-03T20:00:00.000Z

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