Fundraising

The firm's last dedicated secondaries fund, focused mainly on end-of-life processes, closed in April 2017 on $1.1bn.

The niche secondaries firm has hit the €800m hard-cap on its latest fund, two months after Secondaries Investor revealed it had passed the €650m mark.

Secondaries funds hitting final close raised $5.49bn in Q1 2018, with investor demand showing no sign of abating.

Private equity and real estate secondaries funds are seeking around $9bn more compared with the first quarter of last year.

Strategic Partners Real Assets II has hit final close on $1.75bn, edging out Ardian's $1.7bn ASF VII Infrastructure.

The Swiss asset manager acquired Akina Partners in February 2017 and their operations have been largely separate up until now.

This is the Californian pension fund's first real estate secondaries commitment and first investment with the Swiss firm.

In February, Altamar Capital Partners hit a €541m final close on its latest secondaries fund. Managing partner Miguel Zurita speaks to Secondaries Investor about the fundraising and what to expect next.

The fund has surpassed its $1bn target and is on the way to being the largest real assets secondaries fund ever raised.

The fund is targeting primary fund investments, secondaries and direct co-investments in Europe, Asia and emerging markets.