Fundraising

The Australian fund of funds manager smashed the target for its latest fund that will focus on primary and secondaries investments in Australasia.

California pension Ventura County Employees Retirement Association has made commitments to HarbourVest and Adams Street funds.

Blackstone’s secondaries unit has raised more than $4bn through the main fund and an offshore vehicle.

The pension has made a $100m commitment to the Blackstone unit’s latest secondaries fund, saying the firm has an ‘excellent track record’.

The pension fund has continued its support of the two firms' secondaries platforms with almost $400m in new commitments.

The firm will focus on sustainable development investments with strong ESG principles with its new fund of funds.

The investor hopes to close its third dedicated fund on target by the end of summer and is seeking investment from more Middle Eastern and Asian sovereign wealth funds.

The $4.2bn pension wants to commit to two separate global secondaries funds and is seeking managers with at least $500m in secondaries investments.

Arcano Asset Management came in third place in Spain's top fund managers by capital raised, according to data from PEI Research & Analytics.

The £3.2bn UK pension, which is under-allocated to private equity, committed to both of the firm's previous SOF vehicles.