Fundraising

The firm is among a group of mid-sized buyers that focus on lower-mid-market and mid-market secondaries deals.

The asset manager's predecessor fund raised $568m to invest in small- and medium-sized funds in developed and emerging markets.

The firm has held the final close on its latest secondaries vehicle, which is already 20% committed to deals involving GPs such as Thomas H Lee Partners and Clearlake Capital Group.

The management team of Glouston Partners bought it out of $22bn hedge fund and private equity manager Permal Group in 2016.

The €46bn asset manager launched Strategic Equity IV in early November due to faster-than-expected deployment of its current vehicle.

The process carried out by Antin Infrastructure Partners gives more capital to fast-growing assets in its 2016-vintage Fund III, including three fibre companies.

Stephen Sloan, former head of private capital advisory at Greenhill, will lead the effort alongside another senior hire.

The fund is the 'primary driver' of growth in fee-earning assets under management among the firm's commingled funds, vice-chairman Erik Hirsch said on an earnings call Wednesday.

The alternatives manager is raising the Special Opportunities fund alongside its flagship secondaries vehicle, which is targeting $3.75bn.

Secondaries Investor reported in November that the Carlyle Group unit was targeting $8bn for its latest secondaries programme.