S64

S64 commits capital exclusively to secondary private equity vehicles. These funds acquire existing LP positions in private equity funds, participate in GP-led restructurings and continuation vehicles, and execute tender offers. The firm does not make direct company investments or primary fund commitments. Its entire allocation program is built around secondary transactions across buyout, growth equity, and venture-backed underlying portfolios.

S64 sources secondary opportunities through its network of dedicated secondary fund managers, each of whom cultivates relationships with selling LPs, intermediaries, and GPs executing continuation-vehicle transactions. As a fund-of-funds, S64 does not originate secondary deals directly. Its sourcing strength depends on the quality and breadth of the secondary managers it backs, which the firm has not disclosed publicly.

S64 invests exclusively through secondary fund managers rather than making direct company investments. Its investors gain exposure to private equity assets indirectly — S64's managers purchase fund interests on the secondary market, and those underlying funds hold the portfolio companies. The firm acts as an allocator, not a direct co-investor in private companies.