Performance

The $219bn system has seen 'underwhelming' performance from its largely LP-led secondaries portfolio, according to senior investment officer John Bradley.

While the GP-led market is booming, perceptions differ when it comes to rationale, valuations and alignment.

The programme is over 60% committed, with the PE secondaries unit having invested more than $4bn globally last year, Secondaries Investor has learned.

The firm’s latest special situations and opportunistic credit fund closed on $4.2bn.

The fund is looking to collect up to $1.5bn more through December and has already deployed $8bn.

The vehicle from the tail-end secondaries specialist is the latest vehicle to smash its fundraising goal this year.

Strategic Partners Fund X is seeking $22.5bn, documents prepared for a US pension's meeting this week show.

ChrysCapital closed a roughly $700m continuation vehicle last year to house its stake in the National Stock Exchange of India.

The fund, which is already larger than its predecessor, is expected to close in 2026 and exceed its $7bn target.

The pension committed $500m to GP Solutions II's predecessor, marking the biggest commitment made to a secondaries fund last year.