Fundraising

Strategic Partners Real Estate VII has raised $600m more than its predecessor and is looking at a strong pipeline of GP-led deals.

Capital raised in final closes jumped 455% year-on-year, setting a record for the strategy, according to Secondaries Investor data.

Preliminary fundraising figures for H1 show a market well-capitalised to absorb a flurry of dealflow in the second half of the year.

The Swiss manager has earmarked around a fifth of the $1.2bn Monte Rosa V for secondaries transactions and co-investments.

The German manager is aiming to raise up to €600m for the vehicle that can invest in LP secondaries and GP-led processes.

SIT IX, which acquires secondaries positions in existing timberland funds and co-investments. has already deployed $168m across five investments.

The firm, which collected over $95m for its inaugural impact fund, will reserve a portion of its latest offering to acquire fund stakes and directs portfolios.

2020 was set to be a good year for exits in LatAm, and covid-19 is forcing GPs to consider other options, according to Brazil's Spectra Investments.

eQ PE SF III targets portfolios and GP-led deals in the Northern European mid-market.

Unigestion Secondary Opportunity Fund V has been in market since January targeting €700m.