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The VS secondaries firm's 10th flagship has closed on $1.45bn, making it 70% larger than its previous effort.
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There has never been a better time for secondaries funds to deploy capital, Harold Hope, GSAM's global head of secondaries, tells Secondaries Investor.
The mid-market-focused firm is more than two-thirds towards the target of its third vehicle.
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Whitehorse Liquidity Partners VI would be 13% larger than its predecessor, which closed on $5.3bn in July.
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Our ranking of the biggest secondaries fundraisers reveals a market reaching an inflection point.
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The firm also expects a final close on Hamilton Lane Infrastructure Opportunities Fund II this year.
Secondaries Infrastructure Solutions III will target an 11-14% net internal rate of return, according to documents prepared for a US public pension.
Carlo Pirzio-Biroli, Glendower Capital
Carlo Pirzio-Biroli, managing partner and chief executive of the secondaries firm, says it is easier to attract investors who want to write larger tickets – a difficult proposition with smaller funds.
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Secondaries Investor reported in February that Glendower Capital Secondary Opportunities Fund V was expected to close over the summer.
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The vehicle, which is around 30% larger than its predecessor, has been in market for just over two years and is already one of the largest dedicated standalone funds for secondaries.

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