The firm’s sixth secondaries flagship will be 'meaningfully' larger than its predecessor fund, according co-CEO Erik Hirsch.
Panelists say fundraising growth can boost bidders and cut pricing spreads.
The firm raised $945m across its secondaries and carbon strategies in 2023.
The amount of capital raised for the strategy last year eclipsed the previous $101bn record set in 2020, data from Secondaries Investor shows.
The Blackstone unit previously raised $3.75bn for its third programme focusing on the asset class.
Liquidity from the system’s PE portfolio dropped off over the past two years.
The secondaries giant's ASF IX launched in February 2022 and is seeking north of $20bn.
The firm's predecessor fund has been fully deployed to LP and GP-led real estate secondaries transactions across the Asia-Pacific region.
Committed Advisors Secondary Fund V surpassed its target and is significantly larger than its €1.6bn predecessor.
Lexington Capital Partners X is more than 60% larger than its predecessor, which closed on $14bn in 2020.
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