Home Fundraising

Fundraising

Nice, France

BEX ditches fees for NGOs in $365m fund close

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.

HarbourVest’s Dover Street X terms revealed

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.

CalSTRS re-ups in Ardian’s latest secondaries fund

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

Whitehorse races towards $1.5bn target for Fund III

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

Neuberger raises at least $400m for debut RE secondaries fund

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

Hektor’s New 2ND Capital holds final close on debut fund – exclusive

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.
Personal development promotion

DWS makes promotion to director

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

Goldman gathers at least $330m for RE secondaries

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

HarbourVest makes senior secondaries promotions

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

StepStone eyes over $1bn for latest fund – exclusive

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

Copyright PEI Media

Not for publication, email or dissemination