Fundraising

Experts at a Duff & Phelps seminar at London’s Shard building shone some light on the implications for private equity of the (latest) unexpected election result.

The target is the highest-ever sought for a vehicle dedicated to secondaries in the asset class.

The firm smashed the $3.6bn target for the fund which was used to launch the hostile takeover bid on SVG Capital.

The investment firm has hit the hard-cap on its first dedicated secondaries fund which will focus on distressed and special situations, Secondaries Investor has learned.

The Florida pension had previously committed to Lexington Partners' 2013 mid-market secondaries vehicle.

Alternatives growth spiked as traditional equity and fixed income AUM among the largest 500 asset managers declined 7% during 2015, according to Willis Towers Watson research.

Details of the private equity and real estate secondaries firm's previous funds were also revealed at a presentation to New Mexico's State Investment Council.

The global investment firm is back in market two years after raising the largest-ever pool of real estate secondaries capital.

Standard Life's private equity unit has collected $213m for its latest secondaries fund, which will focus on stakes in funds of funds and secondaries funds, among other strategies.

The pension has committed $30m in total to funds of funds managed by the two firms which invest make both secondaries and primary investments.