Fundraising

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

Four secondaries funds closed on $2.3 billion in Q1, according to PEI data.
The US-based secondaries firm has held a $1.1bn final close.
The Blackstone-owned secondaries manager continues to gather commitments for Fund VI as it targets $3.5bn with a hard cap of $4bn.
Nearly half of the new LPs in AlpInvest’s $4.2bn secondaries programme came from Carlyle's network, according to AlpInvest managing director Volkert Doeksen and the firm's head of secondaries, Wouter Moerel.
The mid-market secondaries investor aims to raise a $350m fund with a $500m hard-cap by early 2015.
Lexington continues its nine-year relationship with UK-based Azini Capital by contributing over 90 percent of its $100m Fund III.
The secondaries firm is quickly moving towards its $8bn target.
Coller’s $5.5bn Fund VI is nearing the 75% invested threshold, paving the way for the launch of Fund VII by the end of 2014.
Michigan State and Ohio PERS are among LPs lining up for Ardian’s Secondary Fund VI, which market sources expect to raise as much as $10bn.
The AXA spin-out is closing in on its €400m target.
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