The preferred equity specialist is targeting $750m for Whitehorse Liquidity Partners II with a $1bn hard-cap, Secondaries Investor has learned.
The investment bank's AIMS unit wants to hire someone to evaluate secondaries private equity deals with a focus on valuations.
The mature portfolio includes stakes in funds managed with exposure to restaurant chain Pizza Hut and gift and card shop Paperchase.
The US's largest public pension, which has launched a search for potential partners, expects to grow its secondaries and SMAs participation by 'material amounts.'
The deal, which involves three of the Peruvian private equity firm's existing funds, is understood to be the largest GP-led transaction to come out of Latin America.
The Carlyle fund of funds unit made Chris Perriello a partner and made two other promotions in its secondaries team.
Private equity and real estate secondaries funds raised more than a combined $38bn last year, driven by Strategic Partners and Goldman Sachs Asset Management vehicles.
The Asian direct secondaries firm has hired Motoya Kitamura, previously founder of Roc Partners, as managing partner.
The private equity fundraising veteran will no doubt be called upon as the secondaries firm ramps up marketing for its eighth global fund.
The investment firm made 32 promotions globally including at least five who work on secondaries.
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