Fundraising

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

The Carlyle unit has raised more than double that of its previous vehicle.
Michigan Department of Treasury has put $150m toward ASF VIII, having invested in two of the firm's infra secondaries vehicles.
Real estate and infrastructure secondaries vehicles gave private equity funds a run for their money this year.
Golding Infrastructure 2018 will invest in around 15 infrastructure funds via primaries and secondaries.
The manager has merged its three fund of funds units to form Flexstone Partners with $6.7bn in AuM.
Strategic Equity Fund III, which focuses on complex end-of-life secondaries processes, launched in April targeting $1.6bn.
The West Coast niche secondaries firm ranked 29th in the latest SI 30 list of biggest fundraisers.
The US pension has committed $150m to each of the firms' latest private equity funds and is also considering buying and selling on the secondaries market.
SOF IV is targeting $100m more than its predecessor and has a 10% hurdle rate, according to documents prepared for a US pension.
The firm is seeking $3bn for its latest dedicated secondaries fund, 18 months after hitting a final close on its predecessor.
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