Fundraising

The secondaries giant is speaking to investors about ASF VIII, Secondaries Investor has learned.

The firm founded by StepStone's former secondaries head had been investing on a deal-by-deal basis.

Fund VIII is focused on acquiring LP stakes and investing separately managed accounts and co-investments.

Montana Capital Partners' co-founders speak to Secondaries Investor about doubling up on their latest fund and what a downturn could mean for complex deals.

The firm is seeking $425m for RCP Secondary Opportunity Fund III which will invest in US mid-market funds.

The firm's latest fund is seeking around $2bn more than the target of its predecessor in a year in which some of the biggest names in secondaries have returned to market.

The French private investment unit's plans include a €175m 'hybrid fund of funds' with secondaries and co-investment pockets.

The direct secondaries firm is targeting the amount it raised for its 2012-vintage previous fund.

This is the second secondaries fund that HQ has closed in recent weeks, with Auda Asian Secondary Fund raising $250m.

At least 12 firms with secondaries operations made sister publication Private Equity International's list of the biggest private equity fundraisers over the last five years.