Fundraising

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

The $34.6bn pension has been ‘overhauling’ its private equity programme to expand its capabilities around co-investing, secondaries and international investments.
Direct secondaries specialist Cipio Partners garnered €137m in capital for its first blind-pool — short of its original target.
The commitment is a re-up for Ohio, which committed $40m to the Jeremy Coller-led firm's fifth fund in 2006.
London-based Hollyport Capital hit the halfway mark in fundraising for its third secondaries fund, targeting £30m.
The secondaries specialist has joined peers AXA and Lexington on the fundraising trail as it tries to match its 2007 fundraising total.
The New York-based firm has appointed Sean Kelly Rand, formerly of boutique Bell Capital Partners and Lehman Brothers, as director to help lead its activities from the UK capital.
AXA Private Equity launched its fifth secondaries fund of funds a few weeks ago, and already has 'positive signs' for $1.7bn, according to people with knowledge of the fundraising.
The secondaries firm will carefully select opportunities in the market, which has seen increasing volume, says Newbury director Justin Pollack.
The $3bn fundraising total includes a $300m separate account with the Ohio Public Employees’ Retirement System.
The $14.2bn pension has committed to Lexington's seventh secondaries fund and Panda Energy's infrastructure fund in recent months.
si
si

Copyright PEI Media

Not for publication, email or dissemination