Fundraising

UK private equity firms in fundraising mode should expect investors to quiz them on the potential impact of Brexit on their structure, investment strategy and returns, lawyers say.

The founder of Eaton Partners, which has worked on Landmark Partners' and Partners Group's fundraising, says the proliferation of sovereign wealth funds as private equity investors helps offset pension fund bans on placement agents.

The investment manager is in market with at least six vehicles including a dedicated secondaries fund and a real estate fund of funds.

This is the pension's first commitment to funds managed by the VC secondaries firm, which amassed $700m for its latest dedicated platform in June.

The fund of funds manager has raised $219m for its latest vehicle after 18 months of fundraising.

The secondaries firm has raised €288m for European Secondary Development Fund V after about two years of fundraising.

The investment firm is shifting away from separately managed accounts with its latest dedicated secondaries fund, Secondaries Investor has learned.

The firm has raised more than €120m for Euro Choice Secondary II and expects to hold the final close on its latest fund of funds at the end of October.

The firm manages two other real estate-focused funds, the $250m Clairvue Capital Partners I and $120m Clairvue Capital Partners II.

All investors in the smaller-end secondaries firm's debut fund re-upped in its latest vehicle, Traveller Capital's founder and managing member told Secondaries Investor.