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

Blackstone is on track to reach $20bn for its latest flagship secondaries fund, having nearly achieved its target in the space of a quarter.
Fundraising past limit
The Darien, Connecticut-based alternatives manager has raised more than $1 billion over its initial target.
The Madrid-headquartered asset manager excluded the fund's GP commitment from its hard-cap on the back of strong late demand from German LPs.
The Munich-headquartered manager's first dedicated secondaries fund targets small and mid-sized opportunities on an LP- and GP-led basis.
Portfolio Financing Fund II does preferred equity- and NAV-based lending deals for funds in the private equity, real estate and infrastructure markets.
Evoco has raised €162m to acquire portfolios of companies in the European lower-mid-market, with a particular focus on German-speaking countries.
Number 5 On A Wooden Block On A Table, five
In the absence of market mammoths, firms raising for once-niche strategies such as concentrated-asset deals and preferred equity populated this year's list.
The Paris-headquartered firm has raised €180m for Mantra Secondary Opportunities III, topping its target of €150m, according to a source.
The vehicle will focus on preferred equity, NAV-based lending and have a pocket to make secondaries investments with sub-private-equity return profiles.
The Stamford-headquartered firm aims to be 'the biggest small guy' in secondaries, targeting inefficiencies in the lower-mid market.

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