Fundraising

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

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The European direct secondaries specialist enjoyed a re-up rate of over 100% for Fund XI.
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Whitehorse Liquidity Partners VI would be 13% larger than its predecessor, which closed on $5.3bn in July.
Crown Global Secondaries VI was launched a year ago, Secondaries Investor data shows.
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The fundraise comes as the same time as the firm has taken the lead on a healthcare-focused single-asset continuation fund transaction.
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The fund's strategy will take advantage of the current market setup, Irving Investors portfolio manager Jacob Sonnenberg said.
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TPG GP Solutions has ‘line of sight” to reach $1bn, CEO Jon Winkelried said in the firm's second-quarter earnings call.
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The strategy is ‘poised to scale and become a flagship fund’, executives said on the firm's second-quarter earnings call.
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The firm also expects a final close on Hamilton Lane Infrastructure Opportunities Fund II this year.
The firm, founded by Siguler Guff‘s former secondaries head, is yet to hold the final close for Banner Ridge Secondary Fund V, Secondaries Investor understands.
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Secondaries Infrastructure Solutions III will target an 11-14% net internal rate of return, according to documents prepared for a US public pension.
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