Fundraising

The Carlyle subsidiary has been in market since January last year seeking $1bn to invest in real estate secondaries.

Auda Asia Secondary Fund, which came under the HQ umbrella in 2015, had been on the market since October of that year.

The asset manager acquired the secondaries and fund of funds arm of ACG Group for €1.8bn last week, marking its entry into private equity.

The preferred equity specialist has raised $836m since launching in January, more than twice the total raised for its debut fund.

The firm's eighth dedicated real estate fund closed above target on $3.3bn and is already 42% deployed.

Around half the investors in the fund, which is nearly double the size of its predecessor, are from charitable organisations.

The Public School Retirement System of the City of St Louis has made a pair of secondaries investments, including a $5m commitment to Glendower's recently launched fund.

Coller Capital, Park Hill and Campbell Lutyens are among the firms featured on PEI's list of the 50 best fundraisers in private equity.

The firm's last dedicated secondaries fund, focused mainly on end-of-life processes, closed in April 2017 on $1.1bn.

The niche secondaries firm has hit the €800m hard-cap on its latest fund, two months after Secondaries Investor revealed it had passed the €650m mark.