Fundraising

Balboa Ventures is planning to raise up to €150m to invest in early stage VC on a primary and secondary basis.

The small- and mid-market specialist is seeking 75% more than the amount it raised for its 2015-vintage predecessor.

The investment firm launched its flagship private equity secondaries fund at the end of Q3, Secondaries Investor has learned.

The preferred equity specialist is seeking €1.8bn for its fifth flagship vehicle.

The close of Strategic Partners VIII on $11.1bn has helped fundraising rebound in the third quarter, with Ardian and Lexington Partners still to hold their final closes.

The preferred equity specialist has raised $2bn for Whitehorse Liquidity Partners Fund III, less than one year after launching the vehicle.

The investment manager has raised $235m for a global real assets fund, 10% of which will be invested via secondaries.

The investment bank's secondaries unit is eyeing a final close on the vehicle in the first quarter of next year.

The firm founded by former Siguler Guff principal Tony Cusano received nearly half of the total raised so far from cornerstone investor New Mexico Educational Retirement Board.

Lexington Capital Partners IX has raised nearly $12bn, according to a filing with the SEC, making it the largest pool of secondaries capital amassed to date.