Fundraising

The global investment manager's initial target for Real Assets Fund III was $500m, according to a document obtained by Secondaries Investor.

The fund, which launched in March 2016, is the fifth-largest euro-denominated vehicle focusing on the strategy ever raised.

The Swedish mid-market firm has cancelled the secondaries process on its 2007-vintage fund due to several potential liquidity events, including an offer by a strategic buyer for one of the assets.

DB Private Equity is in preliminary talks with investors and plans to launch its SOF IV Fund in the first quarter of next year.

The fund aims to return a 1.6x-1.8x net multiple and a net IRR between 15% and 20%.

Sister publication Private Equity International reported in November the fund had raised half its $1.8bn target.

The $100m fund can invest in any company with a link to Israel, opening up more than 1,000 potential targets in the US alone, according to the firm's founding managing partner.

The Carlyle fund of funds unit expects increased global uncertainty to create investment opportunities for its sixth programme.

The firm has raised around 90% of the target for its latest fund focusing on VC fund and direct secondaries, documents from a US pension show.

The investment firm has already raised at least $700m for the vehicle.