# Landmark Partners Landmark Partners is a Fund of Funds Manager based in Simsbury, United States. ## Overview - **Organization type:** Fund of Funds Manager - **Headquarters:** Simsbury, United States - **Region:** North America - **Address:** Simsbury, CT, United States - **Founded:** 1989 - **Assets under management:** Undisclosed - **Website:** landmarkpartners.com - **LinkedIn:** https://www.linkedin.com/company/landmark-partners ## Regulatory record - **CRD number:** 329543 - **SEC file number:** 801-129515 - **Registration status:** Registered - **Reports private funds:** Yes - **IAPD record:** https://adviserinfo.sec.gov/firm/summary/329543 ## About Landmark Partners is an SEC-registered investment adviser in West Palm Beach, FL, registered since 2024. The firm manages approximately $125 million in regulatory assets. It has 5 employees and 4 investment advisers. ## Sectors - Private Equity - Real Assets - Private Credit - Secondaries & Special Situations ## Offices - New York, NY, United States - Boston, MA, United States - London, United Kingdom ## People - Francisco Borges — Chairman and Managing Partner - Paul Giovacchini — President - John A. B. Davidson — Co-Founder ## Questions ### What does Landmark Partners actually do in the secondary market? Landmark acquires limited partner positions in private-market funds from investors seeking liquidity before a fund's natural liquidation. The firm prices and purchases these interests in private equity, real estate, and real assets partnerships. It also participates in GP-led deals, such as continuation vehicles and tender offers, alongside a primary-fund investment program and select co-investments. ### How does Landmark source its secondary deal flow? Landmark's sourcing relies on long-standing relationships with pension plans, sovereign wealth funds, endowments, and financial institutions globally. The firm maintains offices in Simsbury, New York, Boston, and London to cover North American and European sellers. Its multi-decade track record means it is often among the first called when a large LP liquidation or portfolio restructuring hits the market. ### Does Landmark invest in funds or only in direct secondary deals? Landmark operates across primary fund commitments, traditional LP-stake secondary purchases, and select co-investments alongside its fund managers. The secondary business — buying LP positions from existing owners — represents the largest share of capital deployment, but the primary program gives the team an informational edge when evaluating which fund interests to acquire. ### Which asset classes does Landmark cover? The firm runs dedicated strategies for private equity secondaries, real estate secondaries, and real assets secondaries (including infrastructure, energy, and timber). Each group has its own investment team and fund series, with deal pacing tied to differing market cycles across those asset classes. ### Who runs investment decisions at Landmark Partners? Chairman and Managing Partner Francisco Borges leads the firm's overall investment direction alongside President Paul Giovacchini. The partnership structure places senior investment committee authority with the managing partners, who oversee separate team heads for private equity, real estate, and real assets. ### How is Landmark related to Ares Management after the acquisition? Ares Management acquired Landmark Partners in mid-2021, integrating the secondary platform as a distinct business line. Landmark operates as a subsidiary of Ares and reports into its broader private-equity group but maintains its own investment process and team under the Landmark Partners name. ## Related profiles - [EQT Private Capital Asia](https://altss.com/profile/eqt-private-capital-asia) - [Neuberger Berman Fund of Funds and Secondary](https://altss.com/profile/neuberger-berman-fund-of-funds-and-secondary) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/landmark-partners Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology