Fundraising

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

HarbourVest seeks to almost double fund size with Real Assets IV

The firm is seeking $700m for its latest real assets secondaries vehicle and has upped its carried interest to 12.5% from 10% compared with Fund III.

Lexington hits $10bn mark for latest secondaries fund – exclusive

The secondaries giant is closing in on the target of Lexington Capital Partners IX in what could be the biggest fund dedicated to the strategy so far.

Danske PE spin-out SAGA raises debut FoF

The €600m SAGA VII can make opportunistic secondaries purchases, according to partner Jesper Knutsson.

Commonfund more than doubles secondaries firepower with Fund II

The firm has raised $450m for Commonfund Capital Secondary Partners II in a final close.

StepStone makes headway with Fund IV fundraise

The firm has raised at least $310m for Secondary Opportunities Fund IV on its way to its more than $1bn target.

W Capital collects $250m so far for directs

The direct secondaries specialist has been in market for at least a year targeting $750m.
Investment portfolio breakdown of Vermont State Retirement System

HarbourVest receives commitment from Vermont Retirement System

The US public pension has backed HarbourVest's private equity-focused secondaries fund.

Hong Kong’s TR Capital returns with Fund IV

The Asia secondaries specialist is seeking $300m for TR Capital IV and is targeting US investors, according to an SEC filing.

New Hampshire commits $75m to HarbourVest and Top Tier

The pension, which has $1bn in PE assets, invested in Dover Street X and a VC fund of funds managed by Top Tier Capital Partners.

Ardian receives $150m commitment from Penn SERS

The pension, which has almost $4bn in PE assets under management, has committed $100m to ASF VIII and made its first commitment to an Ardian co-investment fund.
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