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National Assembly in Paris.
The investment arm of global wealth manager will mainly focus on mid- and large-cap assets via its sophomore fund.
rocket launch fail
Capital raising for private equity secondaries strategies plummeted 77% year-on-year for the three months to end-March, according to PEI data.
Dollar bills speeding across a purple background
Manulife Investment Management has held the final close for its debut vehicle, private equity-focused Manulife Strategic Secondaries Fund.
Rolls of dollar bills against a pink background
Including co-investment vehicles and SMAs, the firm’s LP secondaries strategy has received total commitments of $1.6bn.
Golding Capital Partners also promoted head of secondaries, Richard Wilmes, to partner-level, a move that underscores the importance of secondaries investments to the firm.
Goldman Sachs Asset Management's predecessor fund, which closed on $2.75bn in 2020, is the third-largest real estate secondaries fund to date.
Twisted paper US currency
A new Illinois pension plan looks to build its private equity portfolio through a secondaries commitment.
bundles of US dollar bills
Ballast is led by managing partner Jon Popielarski, a former director of private assets at Employees’ Retirement System of Rhode Island.
The final close of TPG GP Solutions will be one of the key pillars driving the firm’s growth in 2024, CEO Jon Winkelried said in its latest earnings call.
The RMB fund targets Chinese LPs and aims to hold its first close this year.

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