Fundraising

The Singapore-based Credit Suisse spin-out will target between $300m and $500m for its first blind pool fund to tap Asian direct secondaries.

AlpInvest's current secondaries programme is more than 60% invested, according to Carlyle's third-quarter earnings conference call.

The firm held a final close for its largest-ever real estate fund of funds.

The $406 million pension fund continues to expand its private equity program with fresh commitments to latest funds being raised by HarbourVest and Abbott Capital Management.

The firm has raised $200m so far for its new dedicated secondaries fund.

There were nearly 50 secondaries funds being raised as of October, targeting a total amount of about $40bn.

The fund of funds will target primary funds, secondaries and co-investments.

Total capital gathered in 2015 by closed-ended private equity vehicles with a focus on investments into secondaries looks set to fall short of 2014 fundraising levels.

The $1.4bn pension fund will likely make a commitment in the fourth quarter or in the first quarter of 2016 at the latest.

Now owned by two executives who worked together at a US financial services firm, Paris-based Fondinvest is raising its fifth secondaries fund.