The investment firm has delayed a final close first slated for last summer to bring more limited partners on board.
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The deal will increase Standard Life’s private equity assets more than fourfold.
In January, Singapore’s Axiom Asia Private Capital raised more than $1 billion for its fourth Asia-focused fund of funds. Secondaries Investor spoke to managing partner Alex Lee about why the firm expects secondaries to play a larger role in its latest vehicle.
The firm has increased the target for Adams Street Global Secondary Fund 6 by 60% compared with its predecessor, Secondaries Investor has learned.
Performance details of the alternative investment firm’s secondaries programme were also disclosed in a document presented to a US pension.
Tricia Mackechnie will lead the firm’s global IT team from its Boston headquarters.
The asset manager has used an individual mandate to pick up a stake in the UK buyout firm’s 2007-vehicle, for which it raised an annex fund last year.
The $10.3bn pension also disposed of a growth equity fund stake and was considering reducing its fund of funds exposure, meeting documents show.
Secondaries Investor recently caught up with Unigestion’s Christophe de Dardel and Akina’s Thomas Frei on how a combined entity with $6bn of private equity assets under management will operate.
The Carlyle fund of funds unit’s latest haul includes capital for its commingled programme, cornerstone investments and separately managed accounts.