Fundraising

The secondaries firm is seeking €350m for its latest fund which will focus mainly on Europe.

If Ardian’s $10.8bn means private equity secondaries have come of age, then a real estate secondaries fund would have to raise around $3.6bn to have a similar impact on its market.

Two funds managed by Blackstone's Strategic Partners and HarbourVest Partners account for almost a third of the total capital being sought for private equity secondaries strategies.

The Israel-based firm's latest FoF, its largest to date, can make early secondaries deals in VC and technology-related funds.

The Edinburgh-based firm's SOF platform has delivered a 35% gross IRR, according to documents presented to the San Bernardino County pension.

The firm will target stakes in funds of funds and secondaries funds with its latest vehicle, according to documents presented to a US pension fund.

The state's $769m Highway Patrol Retirement System is considering investing in secondaries.

The VC fund of funds manager's two current funds in market are targeting between 20-25% internal rates of return and up to a 3x multiple.

The VC fund of funds manager has almost reached the target for its latest secondaries fund which will focus on direct and LP stakes.

The Paris-based firm has raised more than $27.4bn in less than five years to invest in secondaries.