In a blockbuster maneuver straight out of Wall Street’s most suspenseful playbook, Corsair Capital has officially closed a colossal $600 million continuation vehicle and secondary fund—its first multi-asset transaction of this scale. The Corsair $600M Fund, known formally as Corsair Riva, L.P., isn’t just a financial move; it’s a strategic power play, anchoring three of Corsair’s crown-jewel European financial assets—ZEDRA, Redpin, and IDnow—under one aggressive new structure.
Backing the Billion-Dollar Chessboard
The move, orchestrated with precision by secondaries heavyweight Coller Capital, drew in a mix of fresh and familiar Limited Partners (LPs), all betting on Corsair’s track record and the future of its curated portfolio. The fund offers a fork in the road: existing investors can cash out, or double down. It’s liquidity versus longevity—a high-wire act for those looking to exit with gains or ride the wave of potential exponential growth.
“This transaction will allow us to provide flexibility to our partners seeking liquidity, as well as continued exposure to those looking to remain invested in these great companies,” said Raja Hadji-Touma, Partner at Corsair. The firm’s leadership has crafted a deal that speaks to both risk-averse and visionary investors alike.
