Fundraising

A look into capital raising for secondaries strategies, including fund launches, hard-caps, fund closures and LP commitments to vehicles.

Secondaries firms with headquarters in the US accounted for the majority of capital raised since 2011, according to the Si30 ranking.
The firm has hit the hard-cap on its first dedicated real estate secondaries fund raised since it was acquired by Blackstone in 2013.
With firms including Strategic Partners and NewQuest Capital Partners blowing through theirs, is the hard-cap still meaningful?
The Paris-headquartered firm raced past Lexington Partners and Blackstone in our exclusive list of the world's largest secondaries managers.
The preferred equity specialist, which is now understood to be targeting around €900m for its fourth fund, will send its number three in command to lead its North America operations, Secondaries Investor has learned.
The $2.7bn pension, which has previously invested in secondaries through funds managed by Landmark Partners, backed NB Alternatives' predecessor fund.
The investment manager is seeking €300m for its latest dedicated secondaries fund and expects dealflow in the smaller end of the market to remain robust.
The firm, founded by former Willowridge partner Michael Bego, has reached the $180m hard-cap for its fund that focuses on the smaller end of the market, Secondaries Investor has learned.
The Blackstone unit, which launched its latest secondaries fund a year ago with a $6.5bn hard-cap, is yet to hold a final close on the vehicle.
UK private equity firms in fundraising mode should expect investors to quiz them on the potential impact of Brexit on their structure, investment strategy and returns, lawyers say.
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