Fundraising

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

The Connecticut-based fund of funds is targeting $1bn for its Secondary Fund II.
The firm took about 18 months to raise its third secondaries fund, which had a $1.6bn target.
Toronto-based Northleaf Capital Partners raised $206m for its first dedicated secondaries fund, Northleaf Secondary Partners.
The Carlyle Group’s private equity fund of funds arm AlpInvest has raised $4.2bn for secondaries, including $750m for its AlpInvest Secondaries Fund V.
The Zug, Switzerland-based private markets investment manager is raising what is believed to be the largest global real estate multi-manager and secondaries funds ever. It is expected to hold final closes for both vehicles next year.
The firm has collected more than $1.1bn toward a $1.3bn target for its eighth secondaries fund, which launched in 2012.
The Zurich-based firm had set a target of $150m.
The state investment council committed $100m to Landmark’s 15th secondaries fund, amid the pension’s plans to 'thin' its private equity portfolio.
Swedish pension fund manager AP1 among investors for a fund expected to be used to buy secondaries in Europe.
The firm surpassed its $650m target for its third secondaries fund, which launched in 2012.
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