Fundraising

The $850m Chicago Firemen’s Annuity and Benefit Fund will make a third secondaries investment by the end of the month.

The Simsbury, Connecticut-based firm is targeting $750m for its latest real estate fund – the largest dedicated secondaries real estate vehicle ever. It comes amid a massive rise in LP demand for liquidity.

The South Korean secondaries fund will invest in private equity and special situation portfolios in South Korea and Asia Pacific.

Pantheon International Participations has seen its net asset value grow by more than 20 percent in the last year. Current market conditions are causing the fund to shift focus nearly exclusively to the booming secondaries market.

The London- and Paris-based secondaries shop has closed its latest fund and is looking forward to the ‘attractive opportunity’ for the secondaries market caused by credit market dislocation.

A year-and-a-half after the spin-out of its secondary investment team, now Newbury Partners, New York-based Auda is raising a mid-market secondary fund targeting a first close on 30 June.

The New York-based firm has closed its ninth private equity secondaries fund above its $1.25bn target.

All the investors in the company’s €52m debut fund have returned, three years after the team left Coller Capital to set up on its own.

Newbury Partners, launched by Auda Advisors’ former secondaries team, has already committed 25 percent of its debut fund.

The US fund of funds secondaries investor is raising fresh capital whilst completing its Macquarie fund take-private.