Pasadena, California (August 31, 2021) - Felicitas Global Partners, LLC (“Felicitas”) is pleased to announce the final closing of its second secondaries fund, Felicitas Secondary Fund II, LP (“FSF II”). FSF II closed with $213.4M of capital commitments, more than doubling the $100M that was committed to its predecessor fund, Felicitas Secondary Fund, LP (2016 vintage). In total, Felicitas currently manages over $500M of AUM across niche private credit, equity and private secondary strategies.
Felicitas’ secondary program utilizes a multi-strategy and opportunistic investment approach to acquire limited partnership interests in private funds and shares in private companies as well as apply other creative transaction structures (e.g. fund-level loans, preferred equity) to provide liquidity to holders of illiquid assets. Felicitas evaluates deals across different asset classes, sectors, and geographies to identify key areas where liquidity is lacking, especially in the small-balance segment of the market. FSF II is now well into its investment period with high-quality investment opportunities across venture capital, private equity, private credit, and real estate. Felicitas works within its extensive industry network of general partners, limited partners, intermediaries, secondary funds, and joint venture relationships to identify attractive secondary opportunities.
Felicitas’ experienced investment team is led by Bonar Chhay. Prior to founding Felicitas, Mr. Chhay worked at the Getty Trust where he focused on investing in private equity funds and executing secondary transactions.