Chelsea Stevenson
Doughty Hanson's €3bn Fund V generated a 40% IRR and 2x return multiple from its exit of Spanish hospitals group Quirón earlier this week.
Landmark bought the stake using capital from its Landmark Equity Partners XV, which is in market targeting $2.5bn.
The New York-based firm has already deployed 40% of Fund III's capital in 10 transactions, four of which have been with banks and financial institutions.
UK Real Estate Recovery II and Madison International Real Estate Liquidity Fund V closed during the first half of 2014.
Fundraising during the first two quarters was led by Ardian’s $9bn AXA Secondary Fund VI, according to PEI’s Research and Analytics division.
The Nordic-based direct secondaries firm has sold its shares in domestic appliance online retailer WhiteAway.
Last month the firm absorbed real estate-focused Clairvue Capital Partners to create StepStone Real Estate, which now intends to raise its first fund.
The firm has hired former Morgan Stanley managing director Geoffrey Mullen while in market with its $1bn Landmark Real Estate Partners VII.
The $627bn UAE sovereign wealth fund has been bulking up its private equity investing activities, including expanding its secondaries team.
The private equity arm of the Frankfurt-based bank is targeting $1bn for its Secondary Opportunities Fund III.