Fundraising

Fund III is BEX’s first to offer ‘X shares’, which are exempt from management fees and carried interest, for non-governmental organisations and major non-profit foundations.

The investment firm is offering an annual fee reduction of 5 basis points to LPs that commit to Dover Street X before the end of May.

The US's second-largest pension fund committed $500m to ASF VIII, twice the amount it invested in the firm's previous secondaries programme.

The preferred equity specialist has raised almost $1bn for Whitehorse Liquidity Partners III, which launched in November.

The firm entered the real estate secondaries market in 2017, bringing in Deutsche Bank's Scott Koenig to lead the build-out.

The firm founded by former AlpInvest Partners exec Tjarko Hektor has beat the $250m target of its fund that will focus on the US small- and mid-market.

The firm formerly known as Deutsche Asset Management, which is in market seeking $500m for secondaries, has promoted London-based Rodrigo Patiño.

The fund's predecessor, the 2016-vintage, $894m Vintage Real Estate Partners, had achieved net IRR of 35.9% as of 31 December.

The Boston-headquartered firm, which is seeking $6.5bn for Dover Street X, has promoted Edward Holdsworth to managing director and added several principals.

The firm is raising capital for its fourth secondaries fund, less than two years after collecting $950m for its predecessor vehicle.