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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.

NewQuest seeks almost 60% more for latest fund

The Asia specialist is seeking $850m for direct secondaries and sponsor-led deals, which account for a growing proportion of its investments.
Nice, France

BEX ditches fees for NGOs in $365m fund close

Fund III is BEX’s first to offer ‘X shares’, which are exempt from management fees and carried interest, for non-governmental organisations and major non-profit foundations.

CalSTRS re-ups in Ardian’s latest secondaries fund

The US's second-largest pension fund committed $500m to ASF VIII, twice the amount it invested in the firm's previous secondaries programme.

Whitehorse races towards $1.5bn target for Fund III

The preferred equity specialist has raised almost $1bn for Whitehorse Liquidity Partners III, which launched in November.

Neuberger raises at least $400m for debut RE secondaries fund

The firm entered the real estate secondaries market in 2017, bringing in Deutsche Bank's Scott Koenig to lead the build-out.

Hektor’s New 2ND Capital holds final close on debut fund – exclusive

The firm founded by former AlpInvest Partners exec Tjarko Hektor has beat the $250m target of its fund that will focus on the US small- and mid-market.

Goldman gathers at least $330m for RE secondaries

The fund's predecessor, the 2016-vintage, $894m Vintage Real Estate Partners, had achieved net IRR of 35.9% as of 31 December.

StepStone eyes over $1bn for latest fund – exclusive

The firm is raising capital for its fourth secondaries fund, less than two years after collecting $950m for its predecessor vehicle.

Japan’s Ant Capital holds final close on LP secondaries fund – exclusive

The firm has hit the target of its Bridge No5-B Private Equity Secondary Investment Fund and launched its latest direct secondaries vehicle.

SwanCap to return to market with latest FoF – exclusive

The firm will seek at least €433m for primary, direct secondaries and co-investments in the European and North American lower- and mid-market.

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