Fundraising

The firm has hit the target for Crown Global Secondaries IV which launched in the summer of 2015, Secondaries Investor has learned.

The firm now has $547m to deploy for its strategic secondaries fund, which targets GP-led transactions.

The French banking group's latest fund of funds will split its deals evenly between secondaries and primary investments.

The fund of funds manager's fifth dedicated secondaries fund will target opportunities in the smaller end of the market.

The target is the highest-ever sought for a vehicle dedicated to secondaries in the asset class.

The firm smashed the $3.6bn target for the fund which was used to launch the hostile takeover bid on SVG Capital.

The Florida pension had previously committed to Lexington Partners' 2013 mid-market secondaries vehicle.

Details of the private equity and real estate secondaries firm's previous funds were also revealed at a presentation to New Mexico's State Investment Council.

The global investment firm is back in market two years after raising the largest-ever pool of real estate secondaries capital.

UK trade minister Mark Garnier said on Wednesday the UK is likely to lose its financial passporting rights as a result of Brexit, but research suggests the alternatives industry would be relatively unscathed.