A new Illinois pension plan looks to build its private equity portfolio through a secondaries commitment.
While GP-led inventory is high, the capital chasing such deals remains limited to a small universe of buyers.
Coller Secondaries Private Equity Opportunities Fund will be seeded with over $300m from the firm and other institutional investors.
The final close of TPG GP Solutions will be one of the key pillars driving the firm’s growth in 2024, CEO Jon Winkelried said in its latest earnings call.
The RMB fund targets Chinese LPs and aims to hold its first close this year.
The firm also closed on $1.5bn and $900m for its latest VC and real estate secondaries vehicles, respectively.
Lexington Partners, Strategic Partners and Goldman Sachs Asset Management played a pivotal role in driving fundraising in the secondaries space last year.
The firm’s sixth secondaries flagship will be 'meaningfully' larger than its predecessor fund, according co-CEO Erik Hirsch.
Panelists say fundraising growth can boost bidders and cut pricing spreads.
The firm raised $945m across its secondaries and carbon strategies in 2023.
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