Fundraising

The secondaries firm was acquired by Ares Management in March and is targeting north of $10bn by 2022.

Portfolio Advisors Secondary Fund IV has a hard-cap of $2.25bn and is being raised alongside a dedicated GP-led secondaries vehicle.

The 10 secondaries funds to hold final close in the quarter accounted for the third-highest Q1 total on record.

The vehicle can invest in secondaries and co-investments, according to founding partner of Altamar Infraestructuras Ignacio Antoñanzas,

The Blackstone unit, run by global head Verdun Perry, is expected to hold its first close in H2 for Strategic Partners Fund IX.

The fund will partner with high-quality managers to acquire their most attractive companies, according to documents from listed vehicle Pantheon International.

The preferred equity specialist has raised $7.5bn and grown its headcount to 85 since it was founded in 2015.

The world's biggest asset manager in recent weeks amassed nearly $8bn across its debut secondaries fund and its third renewable energy fund.

The listed firm brought the launch of Strategic Equity IV forward by two years due to faster-than-expected deployment.

BlackRock Secondaries & Liquidity Solutions has completed over 15 transactions including single and multi-fund portfolios, GP-led restructurings and other complex deals.