Fundraising

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

Private equity and real estate secondaries funds raised $12.7bn in the first half, an almost 50% drop year-on-year.
The firm's fifth hybrid fund, which can buy early-stage secondaries stakes, brings total assets under management to $3.4bn.
The firm, founded by former Industry Ventures partner Jim Jones, counts streaming service Pandora among its investments.
PAREF VII, which invests in primaries, secondaries and co-investments, has received an extra $30m from Missouri LAGERS.
The long-life vehicle, which will focus on regulated assets mostly in Europe, is targeting an initial €2.5bn.
The firm will earmark up to 20% of the fund for secondaries and co-investments.
The fund close comes a month after the firm raised $612m for timberland secondaries.
Pantheon Global Secondary Fund VI is seeking a little less than its predecessor and registered the fund in Europe in December.
The pension committed $100m to Landmark's real estate secondaries fund, the first it has made with a secondaries manager that is not Ardian or Lexington.
The Dutch asset manager's new unit will be led by Abraham Tiamiyu, a portfolio manager and former associate at Pomona Capital.
si
si

Copyright PEI Media

Not for publication, email or dissemination