Fundraising

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

QSuper, one of Australia’s largest superannuation funds, is said to be aiming to capitalise on current secondaries market pricing with the sale.
Hard hat and plans
HarbourVest Partners has stepped in to rescue the two-year restructuring process of the Australian private equity firm's funds, giving investors the option of joining a new vehicle.
Morgan Stanley sign - iStock
The fundraising for Morgan Stanley Alternative Investment Partners' second real estate secondaries fund has raised $65.5m in commitments so far towards its $500m target.
The Maryland-based firm will offer its own private equity investments to investors in its third fund, American Capital Equity III, which will close within 90 days.
The $1.75bn fund has been making strong progress since raising $400m more than its target.
The French secondaries firm has outlined a five-year deployment schedule for the largest secondaries fund ever raised.
Letter V - iStock
The Carlyle-owned fund of funds has invested 25 percent of its $750m secondaries commingled Fund V, according to sources.
Secondaries fund of funds Montauk Triguard has closed its sixth fund over its target of $400m, stating that the fund was substantially oversubscribed.
The Boston-based private equity firm’s Fund IV holds an interim close, over half way to its target.
US pension re-ups to Lexington’s Fund VIII after committing to the secondaries GP’s previous fund.
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