Second Alpha raises $170m for fifth secondaries PE fund

Second Alpha is focused on secondary and secondary-linked direct investments in growth-equity stage companies.

  • Second Alpha Partners V’s limited partners include insurance companies, foundations, multi-strategy funds, multi-family offices, single family offices and industry executives
  • Second Alpha was founded in 2012 by Richard Brekka and Jim Sanger who continue to manage the firm as managing partners
  • FocusPoint Private Capital Group was placement agent for the fund and Willkie Farr & Gallagher acted as legal counsel

New York-based Second Alpha Partners has closed its fifth secondaries private equity fund at $170 million.

Second Alpha Partners V’s limited partners include insurance companies, foundations, multi-strategy funds, multi-family offices, single family offices and industry executives.

Second Alpha was founded in 2012 by Richard Brekka and Jim Sanger who continue to manage the firm as managing partners.

On the fundraising, Brekka said in a statement, “We are very pleased with the tremendous support from both existing and new investors that have confidence in Second Alpha’s strategy.”

FocusPoint Private Capital Group acted as placement agent to Second Alpha for Fund V and Willkie Farr & Gallagher acted as legal counsel.

Based in New York, Second Alpha is focused on secondary and secondary-linked direct investments in growth-equity stage companies.