Fundraising

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

Q2 closed the most funds this year and raised almost half of the total capital.
Fleming Family & Partners expects secondaries to make up 20 percent of some clients' portfolios in the next three years, according to investment manager Richard Clarke-Jervoise.
Cari Lodge, Commonfund
Managing director Cari Lodge joined Commonfund in January to oversee its secondaries investments.
Global secondaries funds in market account for more than $22.3bn of the aggregate target, according to PEI data.
The fund launch comes months after Strategic Partners hired former Goldman Sachs vice-president Mark Burton to oversee its real estate investments.
ICG syndicated roughly 23% of the equity it invested in the $860m Diamond Castle IV restructuring.
Seligman European Secondaries Opportunities II held a first close last month on about €24m and could make an investment before year-end.
Landmark is expected to close its 15th private equity secondaries fund this month.
Fondo Europa Immobiliare N.1 has invested in 13 properties, including an Italian logistics centre in Levate.
The Edmond de Rothschild spin-out has collected €24m, or roughly one-third of its total target.
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