Fundraising

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

The firm held a final close for its largest-ever real estate fund of funds.
The LP trade body is asking how to account for co-investment fees and other costs as part of its quest to standardise fee reporting.
The Tokyo-based firm is targeting up to 8bn yen for its debut fund which focuses on domestic direct secondaries deals.
The $406 million pension fund continues to expand its private equity program with fresh commitments to latest funds being raised by HarbourVest and Abbott Capital Management.
Changes to the types of investments the tax-advantageous vehicles can make in the UK will result in more firms restructuring assets into new funds.
The firm has raised $200m so far for its new dedicated secondaries fund.
Morgan Stanley sign - iStock
The fund of funds will target primary funds, secondaries and co-investments.
SEC inspectors are reaching out directly to investors, asking about their interpretations of certain LPA items, according to panellists at the 2015 PE/VC Finance and Compliance Forum.
Students
The fund and Neuberger Berman will continue to have joint discretion on co-investments and secondaries investments for another 3 years starting in August 2016.
The Spanish asset manager, which invested €65 million in nine secondaries transactions in 2014, will make sporadic secondaries purchases with its latest VC fund of funds.
si
si

Copyright PEI Media

Not for publication, email or dissemination