Underpinned by our strong senior relationships and global distribution team, Campbell Lutyens ran an efficient syndication exercise to raise secondary capital, with the final close providing both a comprehensive liquidity option for existing LPs and an extended runway for Vistria to continue managing its high-quality assets via the new vehicle, plus significant follow-on capital to support growth opportunities across the portfolio. Partners Group was the lead investor in the vehicle, with Vistria’s partnership also committing capital.

Gerald Cooper, Global Co-head of Secondaries, said: “We are pleased to have partnered with The Vistria Group for the first time for this complex raise. Its success is testament to the commitment of its partnership, alignment and strength of relationships with LPs and the quality of its assets. We extend our congratulations to the team.”

Vistria, a Chicago-based private investment firm with nearly $17bn AUM, generated more than $1 billion of distributions to LPs in 2025, underscoring the strength of its platform. With deep sector expertise, Vistria invests in essential industries like healthcare, knowledge & learning solutions, and financial services.

Campbell Lutyens’ secondary advisory team advised on $34bn of transactions in 2025, including seven $1bn+ LP trades and 20 GP-leds ranging from $200m-$3bn. Since its foundation, the secondary practice has advised on more than $182 billion in transactions, completing over 413 successful secondary portfolio sales and advisory mandates.