Fundraising

The fund has invested nearly $3bn as of June, according to documents from the MWRA Employees’ Retirement System.

Private Equity Strategic Opportunities Fund V is aiming to deliver a 1.8x-2x multiple for investors.

Details for Patria Secondaries Opportunities Fund V show the vehicle is planning at least two closes this year.

The firm is seeking $500m for a dedicated GP-led vehicle which has the potential to deliver enhanced returns.

Clean Growth VI is 60% invested and its first distributions are scheduled for later this month.

The firm is looking to close on its third and largest secondaries fund, after closing its second such fund in 2021.

The firm wants to raise almost 60% more than it did for its predecessor vehicle.

The firm believes VC secondaries will shift venture capital from an illiquid to liquid asset class in the near future, according to founding partner Alan Vaksman.

Details of the fund's target and fundraising update, as well as expected performance and fees, were disclosed in US pension documents.

The GP-led and special situations-focused manager had raised around one-quarter of its target as of mid-May.