The VS secondaries firm's 10th flagship has closed on $1.45bn, making it 70% larger than its previous effort.
There has never been a better time for secondaries funds to deploy capital, Harold Hope, GSAM's global head of secondaries, tells Secondaries Investor.
The mid-market-focused firm is more than two-thirds towards the target of its third vehicle.
The European direct secondaries specialist enjoyed a re-up rate of over 100% for Fund XI.
Whitehorse Liquidity Partners VI would be 13% larger than its predecessor, which closed on $5.3bn in July.
Crown Global Secondaries VI was launched a year ago, Secondaries Investor data shows.
The fundraise comes as the same time as the firm has taken the lead on a healthcare-focused single-asset continuation fund transaction.
The fund's strategy will take advantage of the current market setup, Irving Investors portfolio manager Jacob Sonnenberg said.
TPG GP Solutions has ‘line of sight” to reach $1bn, CEO Jon Winkelried said in the firm's second-quarter earnings call.
The strategy is ‘poised to scale and become a flagship fund’, executives said on the firm's second-quarter earnings call.
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