Seine Capital, a secondaries firm recently established by Fabrice Moyne has launched its debut fund with a focus on small-market secondaries, the firm saind in a Linkedin post. The fund’s strategy is to acquire secondary LP stakes with a typical transaction size between $3 million and $15 million.
Moyne, Mantra Investment Partners’ former Partner and secondaries head, serves as Seine’s Managing Partner alongside Chad Zidow and Sol Zein as Partners. At Mantra Moyne was the lead partner on 96% of all secondary transactions closed between February 2011 and June 2022. He also priced and sourced each investment made by the firm during the window.
With its debut vehicle, Seine will focus on the lower end of the secondaries market- a less crowded space where significant discounts can be obtained for LP stakes.
SecondaryLink has reached out to Seine for further information about the fund’s strategy.
Chad Zidow joins Seine Capital after a four-year stint with Beneficient, a company focused on democratizing alternative investments by enhancing access for smaller groups, which wen tpublic via SPAC in June 2023.
Sol Zein has worked in secondaries as an investment professional at Pantheon and Montana Capital Partners for six and a half years in aggregate. In 2022, he founded NXT Capital Partners, a secondary buyer focusing on untaped areas of the market, before joining Seine in January 2024. Source: https://secondarylink.com/news/661ff8bcddb732f48ddb0ec3/seine-capital-launches-debut-secondary-fund-with-150-million-target
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