Fundraising

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

The direct secondaries firm has invested in a round of funding for Onzo, a company it acquired through a staple funding transaction in 2012.
Interest in the secondaries markets may grow as more primary investors cool their concerns, according to Steve Costabile, global head of private funds at PineBridge.
There are currently 42 secondaries funds in the market, targeting an aggregate total of $30.42bn, according to PEI’s Research and Analytics division.
The Nordic-based secondaries firm attracted 40% of its commitments from European investors including Swedish pension fund AP3, Finnish Industry Investment and the European Investment Fund.
Landmark is one of three large US firms currently fundraising for global real estate-focused secondaries funds.
Led by CIO Scott Chan, the $7.6bn pension chose Pantheon to manage its secondaries infrastructure and real assets separate account.
Up to 45 percent of institutional investors are expected to boost their private equity holdings in the first half of 2014.
Firefighters - iStock
Landmark Partners has beat out Lexington for the FRSL pension's $25m secondaries allocation because of its smaller-sized fundraise.
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The Toronto-based private equity firm’s specialist secondaries fund has beaten its $200m fundraising target, according to managing director Jeff Pentland.
QSuper, one of Australia’s largest superannuation funds, is said to be aiming to capitalise on current secondaries market pricing with the sale.
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