Silas Sloan

The fund, which is seeking $750m, has already committed over $450m to new investment opportunities, according to documents prepared for a MWRA Employees’ Retirement System board meeting.

Fundraising in the first half dipped year-on-year to $34.5bn, with Hamilton Lane's $5.6bn close on Secondary Fund VI marking the largest raise in H1 2024.

The fund has invested nearly $3bn as of June, according to documents from the MWRA Employees’ Retirement System.

The firm hopes to surpass the size of its previous secondaries flagship, which closed on $22.2bn in 2023.

Tim Henn, who has joined from JPMorgan as head of private equity secondaries, tells Secondaries Investor the firm plans to invest in deals with GPs it knows through its platform.

Trading of second-hand stakes in funds and assets will hit a record this year, according to Verdun Perry, global head of Strategic Partners.

The firm has appointed five managing directors across its secondaries and placement agent businesses.

Private Equity Strategic Opportunities Fund V is aiming to deliver a 1.8x-2x multiple for investors.

Details for Patria Secondaries Opportunities Fund V show the vehicle is planning at least two closes this year.

Pricing for high-quality inflection assets with material upside has tightened to the low- to mid-90s, according to chief executive David Layton.