Fundraising

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

The firm is busy deploying its third secondaries fund, which is expected to hold a second close by the end of August.
Darts target
Pomona Capital has closed its eighth fund on $1.75bn, surpassing its $1.3bn target. It launched the fund in 2012 and had collected about $1.14bn by Oct 2013.
More details have emerged on the Singaporean SWF's latest initiative as it gears up to eventually attract retail co-investors.
The $627bn sovereign wealth fund is ramping up its secondaries capabilities, and said to be on the hunt for good fund restructuring opportunities.
The Allianz spin-out has deployed approximately €67m already, purchasing LP stakes in SME-focused European funds.
Four secondaries funds closed on $2.3 billion in Q1, according to PEI data.
The US-based secondaries firm has held a $1.1bn final close.
The Blackstone-owned secondaries manager continues to gather commitments for Fund VI as it targets $3.5bn with a hard cap of $4bn.
Nearly half of the new LPs in AlpInvest’s $4.2bn secondaries programme came from Carlyle's network, according to AlpInvest managing director Volkert Doeksen and the firm's head of secondaries, Wouter Moerel.
The mid-market secondaries investor aims to raise a $350m fund with a $500m hard-cap by early 2015.
si
si

Copyright PEI Media

Not for publication, email or dissemination