Fundraising

The German manager is seeking up to four years to be able to maximise the value of its remaining assets, Secondaries Investor has learned.

The fund is targeting $400m to invest in less competitive areas of the market, such as secondaries funds and funds of funds.

The Connecticut-based firm is returning to the market with its second fund, targeting $300m.

At the same time the firm launched an offshore vehicle with a life of less than a year.

Twenty-two LPs sold stakes to the secondaries house, which has made a staple commitment to BC Partners’ latest fund worth around 30% of the total.

The Israel-based fund of funds has just closed its fourth secondaries fund on $215m. Co-founder Alan Feld discusses the opportunities he is seeing in the market and how secondaries investors need to do more for the companies and GPs they work with.

The Israel-based VC secondaries specialist has held the final close on its fourth dedicated fund.

The 80% invested fund has closed 26 secondaries deals.

The US pension has backed the fund of funds' latest vehicle and has also committed to an SMA with the Asia-focused manager.

The asset manager has confirmed a $1.1bn haul for the vehicle, three months after Secondaries Investor reported it had held the final close.