Fundraising

The firm is targeting blue-chip buyout funds in South Africa and the sub-Saharan region, with a first close expected in June.

The fund, which closed above its $200m target, will invest in small fund interests and structured deals.

PineBridge Secondary Partners IV closed above its $500m target and will focus on small- to mid-sized globally diversified deals.

LPs from Canada, Norway and Benelux are all expecting to raise their deployment to secondaries, according to research by Rede Partners.

Making the business case for spinning out is often easy; the potential pitfalls come from the details of doing it.

The private equity firm has already raised around half the target of Bridge No.5-B Private Equity Secondary Investment Fund, Secondaries Investor has learned.

The Texas pension needs to increase its exposure to non-core real estate on advice from consultant Meketa Investment Group.

Despite representing less than half of total secondaries volume in 2017, GP-led transactions stole the spotlight in PEI’s annual industry awards.

SWAN III, which is already 50% deployed across 20 deals, can make primary, secondaries and co-investments.

Bumper fundraising, stapled deals and preferred equity were some of the themes in the awards for 2017.