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Fundraising

A look into capital raising for secondaries strategies, including fund launches, hard-caps, fund closures and LP commitments to vehicles.

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Approximately 45% of Fund VI will be allocated to secondaries transactions amid constrained liquidity and elevated capital costs in Brazil.
A diverse collateral mix of secondaries, portfolio finance and co-investments helped the Carlyle unit close above target on $1bn.
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Ardian, StepStone, Adams Street Partners and CPP Investments are LPs in the firm's debut buyside fund.
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Benoît Durteste says investing the capital would not be challenging – a change in tone compared with comments he made in September regarding larger GP-led deployment.
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The firm is seeking as much as $150m for Seine Capital Liquidity Solutions, which has a $200m hard-cap.
The firm disclosed the launch of its concentrated deal-focused GP-led strategy in May.
Latin America, Brazil, South America
Patria Investments Secondary Opportunities Fund V launched in July and held a first close in September.
TPG believes its GP solutions platform will scale similarly to the firm's other PE strategies, says CEO Jon Winkelried.
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The oversubscribed vehicle is more than $300m larger than its predecessor.
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Ardian has previously backed single-asset continuation funds out of its co-investment programme and via an SMA with a US public pension.
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