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Fundraising

A look into capital raising for secondaries strategies, including fund launches, hard-caps, fund closures and LP commitments to vehicles.

RCP Advisors holds first close on Fund III

RCP Secondary Opportunity Fund III, which launched in July with a $500m hard-cap, will focus on lower and mid-market North American funds.

Canada’s Cygnus launches secondaries fund

The firm's main business is giving Canadian investors low-cost access to KKR funds through a Canada-domiciled vehicle.

Montana Capital returns with Fund IV – exclusive

The Swiss niche secondaries firm took 10 weeks to raise its previous vehicle which held a first and final close on €406m in 2015.

Hollyport closes Fund VI on $500m hard-cap – exclusive

This is the first dollar-demoninated fund for the tail-end specialist, which attracted US and multinational institutional LPs to its latest vehicle.

Portfolio Advisors eyes H2 closes for PASF III

Details of the firm's latest secondaries vehicle were revealed in documents prepared for PSERS, which made its debut commitment to a fund managed by the GP.

Newbury nears hard-cap for Fund IV

The secondaries firm has surpassed the target of its latest fund and is yet to hold the final close on its latest vehicle.

BC Partners to close Fund X with aid of staple

The vehicle is closing on up to €6.7bn target on the back of a stapled deal with Lexington Partners over the summer.

Lexington Middle Market IV closes on $2.66bn

The fund, which closed above its target of $2bn, has been in the market for just over a year.

Stafford holds third close on timberland FoF

The private markets firm is two-thirds of the way to the $500m target for Fund VIII which can acquire stakes in funds focusing on the strategy.

Connecticut re-ups with Landmark

The US state's Retirement Plans and Trust Funds has committed $100m to the secondaries firm's latest private equity vehicle.