Private Capital Advisory

Our accomplished team of global professionals provides private capital advisory (PCA), primary fundraising and secondary liquidity solutions to private equity, credit, real asset and infrastructure firms through their unparalleled access to a broad network of funds and investors.

Primary Fundraising Secondary Liquidity Solutions

Primary Fundraising

Fundraising to the next level

Through Capstone Partners, our primary fundraising business works with GPs to raise funds through its vast network of global LPs. Capstone has experience across multiple asset classes and regions, with majority of its mandates reaching hard cap.

Leading global agent with stable team
Highly selective client focus
Dynamic, process-driven approach
Proven fundraising success

Notable Transactions

Placement Agent for Align Collaborate Fund I, a $233 million fund focused on lower mid-market independent sponsor-backed opportunities
Placement Agent for Amulet Capital III, a $1.2 billion fund focused on value-oriented investments in healthcare services
Placement Agent for Atlas Capital Resources V, a $6.45 billion fund focused on control investments in distressed opportunities
Placement Agent for Cotton Creek Capital IV, a $326 million fund focused on lower mid-market relationship-driven buyouts
Placement Agent for Northlane Capital III, a $750 million fund focused on middle market buyouts in healthcare & business services
Placement Agent for Post Oak Energy Partners V, a $600 million fund focused on the lower middle market segment of the North American upstream oil and gas industry
Placement Agent for WestBridge III, a £225 million fund focused on UK lower mid-market buyouts

Secondary Liquidity Solutions

Providing creative capital solutions to GPs and LPs

Our secondary capital advisory experts work together with GPs and LPs to provide liquidity sources to those looking to monetize illiquid assets. Our professionals have worked with many of the world’s largest, most sophisticated institutional investors on leveraging the secondary market through structures such as sponsor-led transactions, fund liquidity solutions, secondary directs, management company monetization, fund valuation and sales.

Notable Transactions

Americas

Advisor to a West Coast VC Manager on the direct sale of a $150 million portfolio of assets and wind-down of legacy fund
Advisor to a Mexican Fund of Funds on a $200 million portfolio sale of VC and Energy LP interests
Advisor to a Family Office on the sale of its remaining legacy LP interests in VC

EMEA

Advisor to a Swiss asset manager on the sale of a $180 million portfolio of buyout LP interests
Advisor to French insurer Assurances du Crédit Mutuel on the sale of a portfolio of buyout, infrastructure, growth / venture and fund-of-fund LP interests
Advisor to a European insurer on the sale of a €550 million portfolio of buyout, infrastructure, private credit and fund-of-fund LP interests
Advisor to a European insurer on the sale of a €2.7 billion portfolio of buyout LP interests
Advisor to French asset manager Swen Capital Partners on a €230 million GP-led tender transaction for OFI Infra Multi Select, SWEN Infra Multi Select 2 and SWEN Infra Multi Select 4

APAC

Advisor to a leading Japanese financing institution on the $3.4 billion sale of a portfolio of buyout and infrastructure fund and co-investment LP interests
Advisor to an Asian insurer on the $1.5 billion sale of a portfolio of global buyout and growth funds
Advisor to Shin Kong Life Insurance with respect to the divestment of buyout, growth, infrastructure and credit LP fund interests
Advisor to Crescent Capital Partners, an Australian private equity firm, on the establishment of a single-asset continuation vehicle for Healthcare Australia, a leading workforce solutions and direct care healthcare services provider

Global LP and GP Surveys

Mizuho | Capstone’s Private Capital Advisory team conducts an annual survey with global LPs and GPs. The topics are varied; however, it is focused on what is currently a topic of discussion in the market.

See latest insights at the bottom of the page.

Secondary Market Publications

Mizuho | Greenhill’s Private Capital Advisory team publishes a semi-annual review of the secondary market. We rely on insights from our global team who work closely with some of the largest and most influential limited partners, general partners and other market participants on a regular basis. The results of our discussions, surveys and research are contained within this report, along with Greenhill transaction information and known market data.

Submit a Request for the Global Secondary Market Review H1 2026

Mizuho's 2023 acquisition of Greenhill brings a world-class organization with reputation and decades of expertise in M&A, restructuring and private capital advisory. Serving large companies and investors across industries, our highly specialized team of professionals have extensive experience in buy side, sell side, special committee, defense and activism.
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Mizuho acquired Capstone Partners in 2022 to add fundraising capabilities to its alternative investment practice. Capstone’s accomplished team of global professionals provide fundraising and advisory services to private equity, credit, real asset and infrastructure firms through their unparalleled access to a broad network of funds and investors.