Home Fundraising
Fundraising
The firm has raised more than 40% of the target for Fund VIII as a raft of secondaries firms seek capital for the strategy.
The secondaries giant is understood to have collected at least $9bn for ASF VIII, which has a $12bn target.
Louisiana Municipal Police Employees' Retirement System has re-upped with the secondaries firm, which is seeking $9bn for Fund VIII.
The firm has received a commitment from Los Angeles Water & Power Employees Retirement Plan, which is working to push its PE exposure to 8%.
The firm, formerly known as Deutsche Asset Management, will target up to $500m and focus on providing liquidity to GPs throughout a fund's life.
Just over 20% of the fund is already invested in secondaries, according to founder and managing partner Jeremy Golding.
The Neuberger Berman unit completed six GP interest deals from Fund IV last year.
City of Miami Firefighters' and Police Officers' Retirement Trust has previously backed secondaries funds managed by the two firms.
Stakes in real estate vehicles accounted for 7% of total deal volume last year, according to advisor Greenhill.
The niche secondaries firm switched to US dollars from euros with its latest fundraise.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: