Fundraising

The firm is seeking 25-50% more for its latest offering compared with its debut vehicle, Secondaries Investor has learned.

Goldman raised $10.3bn for predecessor Vintage VIII against a target of $7bn, according to Secondaries Investor data.

Michael Arougheti, Ares' chief executive and president, has previously said the secondaries industry is at an 'inflection point'.

The top 10 known commitments to 2022-vintage secondaries vehicles totalled $4.77bn, buoyed by ADIA’s whopping $4bn commitment to Ardian’s ASF IX.

The North American secondaries categories in affiliate title Private Equity International's latest awards were hotly contested again this year.

Our downloadable presentation shows closed secondaries funds in 2022 by region and strategy, as well as the largest funds in market.

The alternatives giant has committed more than $1bn into equity and credit secondaries over the past half year, according to co-president Jim Zelter.

As the bank brings its latest GP-led fundraise to a close on $2.5bn, Nash Waterman, head of private equity secondaries, says the opportunities it sees in the sprawling mid-market are ‘enormous’.

Glendower Secondary Opportunities Fund V had an initial hard-cap of $4.5bn – a figure that is understood to have been increased.

Reduced exit activity in the buyout market, coupled with the denominator effect, is creating opportunities for buyers, Shane Feeney, managing director and global head of secondaries, tells Secondaries Investor.