Fundraising

All investors in the smaller-end secondaries firm's debut fund re-upped in its latest vehicle, Traveller Capital's founder and managing member told Secondaries Investor.

The preferred equity specialist is seeking north of €500m for its latest vehicle, Secondaries Investor has learned.

The firm's latest dedicated secondaries fund is almost halfway toward its $1bn target, Secondaries Investor has learned.

The global investment firm is seeking double the target of its predecessor secondaries fund, according to documents from a US pension which also revealed the fund's terms.

Good secondaries dealflow saw the predecessor fund's allocation to the strategy raised to 51%.

Galdana Ventures I had an initial hard-cap of €250m and will be able to make secondaries purchases, Secondaries Investor has learned.

The Spanish firm has also closed its eighth FoF, from which it has already made secondaries deals.

The fund of funds manager has received commitments from four investors.

The $18bn pension has made a commitment to Stepstone Secondary Opportunities Fund III that is five times larger than the investment in the firm's predecessor vehicle.