Fundraising

The preferred equity specialist has raised almost $1bn for Whitehorse Liquidity Partners III, which launched in November.

The firm entered the real estate secondaries market in 2017, bringing in Deutsche Bank's Scott Koenig to lead the build-out.

The firm founded by former AlpInvest Partners exec Tjarko Hektor has beat the $250m target of its fund that will focus on the US small- and mid-market.

The firm formerly known as Deutsche Asset Management, which is in market seeking $500m for secondaries, has promoted London-based Rodrigo Patiño.

The fund's predecessor, the 2016-vintage, $894m Vintage Real Estate Partners, had achieved net IRR of 35.9% as of 31 December.

The Boston-headquartered firm, which is seeking $6.5bn for Dover Street X, has promoted Edward Holdsworth to managing director and added several principals.

The firm is raising capital for its fourth secondaries fund, less than two years after collecting $950m for its predecessor vehicle.

The desire of private equity firms to hold assets for longer is creating misalignment with their LPs – and conditions for the secondaries market to thrive.

The firm has hit the target of its Bridge No5-B Private Equity Secondary Investment Fund and launched its latest direct secondaries vehicle.

The firm will seek at least €433m for primary, direct secondaries and co-investments in the European and North American lower- and mid-market.