Fundraising

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

The real estate fund of funds manager raised $550m for its Metropolitan Real Estate Partners Secondaries & Co-Investments Program, which had an initial target of $450m.
About half of the Tel Aviv firm's second fund will focus on direct stakes in Israel-related investments amid a boom in direct secondaries opportunities there.
The Swiss firm, owned by the Princes of Liechtenstein, has already made seven secondaries deals from Crown Europe Middle Market III which closed on its hard-cap.
The mezzanine powerhouse is expected to have raised a third of its target for the fund, which will focus on restructurings.
The VC secondaries firm is targeting the same amount it raised for its previous dedicated secondaries fund.
One of the US's largest pensions has approved a commitment to ASF VII which is seeking $9bn.
Hong Kong
The pan-Asian firm is racing towards a first close on its latest direct secondaries vehicle, Secondaries Investor has learned.
Real estate secondaries bids rose by 4% year on year, according to the advisory firm's 2016 Secondary Private Equity Valuation and Trends Report.
Stepping stones over a small river
The global private equity firm's previous secondaries vehicle closed above target on $450m.
Despite the largest ever secondaries fund raised last year, total capital closed slipped to two-thirds of that raised in 2014.
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