The French secondaries firm has outlined a five-year deployment schedule for the largest secondaries fund ever raised.
The Carlyle-owned fund of funds has invested 25 percent of its $750m secondaries commingled Fund V, according to sources.
Secondaries fund of funds Montauk Triguard has closed its sixth fund over its target of $400m, stating that the fund was substantially oversubscribed.
The Boston-based private equity firm’s Fund IV holds an interim close, over half way to its target.
US pension re-ups to Lexington’s Fund VIII after committing to the secondaries GP’s previous fund.
The New York-based private equity firm has hired Moelis & Co to help recap funds raised in 1998 and 2006, with any restructure potentially including a carry reset on Fund III.
The firm aims to raise investment for a new Fund V while giving LPs such as Harbourvest and OPERS the option to exit Fund IV from 2006, sources say.
The direct secondaries specialist based in New York has done nine deals from Fund III to date, investing a total of $150m.
PEI Research & Analytics has revealed the profile of secondaries funds launching and currently in the market in the first quarter of 2014
The global secondaries player is expected to come to market later this year with its seventh secondaries fund. Fund VI is roughly two-thirds deployed.