Landmark Partners specializes in secondary funds. The firm serves as a source of liquidity to owners of interests in venture, mezzanine, buyout, and real estate limited partnerships. Ninety-five percent of their total capital is committed to secondary products. The remaining capital is committed to Landmark's co-investment, fund-of-funds and growth capital programs. The firm tends to target investments in small and middle-market growth companies operating in the manufacturing and business services sectors. As a secondary specialist in private equity and real estate, Landmark enables investors to sell their interests prior to maturity by providing the capital and experience to execute such sales.Landmark's primary focus is on private equity secondary investments. The firm acquires limited partnership interests and direct investments in venture capital, buyout and mezzanine assets. Historically, they have acquired private equity interests from domestic and international sellers in funds around the world. Through secondary funds, Landmark offers several potential benefits, many of which are not available in traditional private equity investments: (1) enhanced diversification (2) smoothing the J-Curve (3) acquiring survivor assets (4) return segmentation and (5) extensive due diligence. In making investment decisions, the firm employs a proprietary due diligence process that they have used successfully for over a decade. Landmark has the capital, experience, and legal resources to close complex secondary interest transactions in a timely manner. They have the contacts and expertise to acquire attractive interests on a global basis. Landmark has acquired a variety of non-US interests including companies or limited partnership interests in Europe, the Middle East, Latin America and the Pacific Rim. Landmarks long-term relationships with institutional investors and private equity fund sponsors allow them to acquire many transactions through private negotiation, avoiding highly-competitive public auctions.Through their focus on secondary investing, Landmark provides real estate sellers with liquidity, while offering investors opportunities to supplement their more traditional real estate investing programs. The firm's approach of originating real estate equity investments through secondary market transactions offers the following potential benefits: (1) enhanced diversification (2) fully-specified programs (3) shorter cycle/faster cash flow (4) extensive due diligence and (5) a comprehensive approach to acquisition pricing.Landmark's growth capital investment activities focus on small and medium market companies operating in the manufacturing and business services Deal flow is generated by a variety of sources, including the firm's secondary relationships. Landmarks private equity activities in the secondary markets provide them access to the best ideas of other general partners. Through these relationships and other sources, the firm is often able to identify attractive opportunities for direct investment.Landmarks co-investment funds participate directly in companies that are positioned for growth without incurring many of the management and incentive fees that are inherent in a fund structure.The firm's Real Estate Fund-of-Funds program provides investors access to a diversified, total return-driven portfolio of value-added and opportunistic real estate funds. Based on their experience and on their current views on real estate and capital market conditions, Landmark focuses on strategies they believe will provide strong returns. They invest in funds that are managed by organizations that demonstrate high potential to generate top-quartile returns. Landmark seeks diversification across managers, investment strategies, geography and property types with the primary objective of maximizing risk-adjusted total returns.Landmark offers 2 distinct strategies private equity fund-of-funds strategies for primary investors: (1) the Next Generation Strategy and (2) the Opportunity Strategy. The Next Generation Strategy focuses on investments in first-time, small-cap and spin-out funds. The Opportunity Strategy focuses on investment in top-tier fund sponsors. The funds underlying Landmarks funds-of-funds are thoroughly researched and carefully selected by the firm's team of experienced professionals.