Insight

Traveller Capital raises $44m for fourth secondaries fund

Traveller Capital Partners IV's limited partners include RIAs, family offices and sophisticated high-net worth investors.

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  • Traveller focuses on private equity fund interests in the secondary market with a focus on small-balance transactions
  • Since inception, the firm has acquired approximately 100 LP interests through its first three funds
  • Based in Dallas, Traveller was founded in 2013

Traveller Capital Advisors has closed its fourth secondaries fund at $44 million.

Traveller Capital Partners IV’s limited partners include RIAs, family offices and sophisticated high-net worth investors.

Traveller focuses on private equity fund interests in the secondary market with a focus on small-balance transactions. Since inception, the firm has acquired approximately 100 LP interests through its first three funds.

“We are excited by the compelling opportunity set within the smaller end of the secondary market,” said Drew Crichton, Traveller’s founder, in a statement. “Many of our investors have been with us for multiple funds, and their long-term perspective and belief in the outlook for our strategy drove a historically strong raise. We are grateful for this level of participation given today’s challenging environment for fundraising in general.”

Based in Dallas, Traveller was founded in 2013.