Netley Capital is a private investment firm focused on acquiring interests in secondary private equity funds, providing existing investors in those funds with liquidity. We call this ‘tertiary’ investing. Netley is dedicated to tertiary investing, at scale. We have the expertise to provide tertiary liquidity solutions to our counterparties on accelerated timetables and with absolute transaction certainty.

Teamwork, innovation and integrity are at the heart of everything we do, driving both our investment decisions and our company culture. We believe in creating a professional, inclusive, and rewarding environment where every team member is empowered to excel and enjoy their work.

By investing in secondary fund interests, we are building a very well diversified portfolio, across sector, geography, strategy and vintage. As secondary funds are already highly diversified by manager and underlying portfolio companies, our tertiary positions compound that diversification, creating an exceptionally robust investment profile.

We invest on a global basis, with a preference for mid and large cap underlying PE buyout exposures and a particular focus on the US and European markets. Our investors include large institutions and significant family offices.

Caspar Berendsen is the founder of Netley Capital. He is a seasoned entrepreneur and investor and has over two decades of experience at Cinven, where he played a crucial role founding its financial services franchise and launching its first new product line, Cinven SFF. Cinven SFF was, as of December 2023, Cinven’s highest ever returning fund with a net IRR of 47%. In addition to his investing activities at Cinven, Caspar invested in rapidly growing private companies, working closely with management teams to accelerate their business development. Prior to Cinven, Caspar spent 4 years at J.P. Morgan in London. He holds a Master’s degree in Mining and Petroleum Engineering from the Technical University Delft and an MBA from Erasmus University, Rotterdam. Caspar is happily married to Celia, with whom he has 5 children, and he loves reading, adventurous or cultural travel, and great food.

Álvaro Rosado is a Partner and Co-Founder of Netley Capital, bringing extensive experience in secondaries and liquidity solutions for investors in alternative assets. He has originated and executed over $15 billion in transactions across LP portfolio sales, continuation vehicles, co-investments, GP stake sales, and fund- and GP-level financings. Before co-founding Netley Capital, Álvaro was a Managing Director at Rothschild & Co, where he co-founded and co-led the firm’s secondary advisory practice. Earlier in his career, he held roles at PJT Park Hill and Cogent Partners, advising LPs and GPs on secondary transactions. Álvaro holds a Bachelor of Business Administration from Universidad Pontificia Comillas – ICADE in Madrid, Spain. Outside of work, he enjoys spending time with family and friends, playing tennis, and travelling.

Robert Perry is a Partner and Co-Founder of Netley Capital and brings over two decades of experience in financial services and private equity investing. As a Senior Principal at Cinven, Robert was instrumental in launching and investing Cinven’s Strategic Financials Fund, a €1.5bn mid-market fund focused on the UK and European financial services and business services sectors. His expertise includes deal origination, transaction structuring, value creation, board-level strategic leadership and regulatory management, with particular sector knowledge in insurance, wealth management and financial services software. Prior to joining Cinven, Robert co-founded Celestial Financial Services, a life reinsurance company that pioneered a new market for periodical payment order (PPO) annuity reinsurance in the UK. He also previously held investment banking roles at Evercore and Citigroup, advising on high-profile M&A and capital raising transactions in the financial services sector. Robert holds a BA Hons in Economics and Management (First) from Merton College, University of Oxford.

Ben Russell is a distinguished financial executive with 30 years of industry experience, currently serving as the CFO at Netley Capital. Previously, he was the COO at GVQ Investment Management Limited, overseeing finance, operations and compliance for 13 years and serving as a director for 10 years. He also held a non‑executive director role at GVQ Investment Funds (Dublin) plc for nine years. His earlier roles include a management accountant at SVG Capital Plc and various finance and operational positions at Schroders Plc for 12 years, where he contributed to a global finance transformation program. Ben is known for his meticulous approach and dedication to setting “best in class” standards, ensuring efficient and robust financial operations. Ben is happily married to Claire, with whom he has 2 children, and he loves movies, cars, travel and cooking.