Bridge Investment Group Secondaries (formerly Newbury Partners)

Newbury Partners was founded in Stamford, Connecticut in 2006, specializing in acquiring buyout, venture capital, and mezzanine limited partnership interests in the secondary market — building a multi-fund track record under its Newbury Equity Partners fund series.

Bridge Investment Group, a publicly traded real-assets-focused alternative manager, acquired Newbury's business in 2023, giving Bridge — previously known mainly for real estate strategies — a dedicated private equity secondaries capability for the first time.

The team continues to run its existing secondaries strategy inside Bridge's broader platform, one of several examples of a real-assets or credit-focused public manager acquiring a standalone secondaries boutique to diversify its private-markets offering.

The team, formerly Newbury Partners, buys LP fund stakes across buyout, venture and mezzanine funds, typically in the mid-market rather than at the very largest transaction sizes. Breadth across fund types matters when a seller's portfolio has accumulated over many years and contains vehicles no single-strategy buyer wants in full.

Sellers are often institutions cleaning up legacy positions: older funds past their expected life, small stakes that cost more to administer than they are worth, and commitments inherited through mergers or strategy changes. This 'tail-end' segment is an underappreciated part of the market — the motivation is administrative as much as financial.

Secondaries desks and franchises that operate inside a larger private-markets manager, usually built by acquiring an independent specialist and folding it into a broader platform.

This site groups buyers into four categories, because the category tells you more about how a firm behaves than its size does. See the rest of theplatform within a diversified managergroup in the directory.