Fundraising

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

Details of the private equity and real estate secondaries firm's previous funds were also revealed at a presentation to New Mexico's State Investment Council.
The global investment firm is back in market two years after raising the largest-ever pool of real estate secondaries capital.
Standard Life's private equity unit has collected $213m for its latest secondaries fund, which will focus on stakes in funds of funds and secondaries funds, among other strategies.
The pension has committed $30m in total to funds of funds managed by the two firms which invest make both secondaries and primary investments.
The firm raised the capital for its second fund in 18 months from 185 investors.
The fund's target is almost three times that of its predecessor, the 2013-vintage Lexington Middle Market Investors III, which closed on about $1bn.
The fund, run by HQ Capital, is expected to hold a first close in the autumn on around a quarter of its $400m target, according to sources.
The banking group's Five Arrows Secondary Opportunities unit has also hired three staff this year including a secondaries executive from BEX Capital.
The firm has collected about half the €400m target for SwanCap Opportunities Fund III which can invest in direct secondaries.
The pension has committed $100m to a vehicle that will invest alongside the Carlyle unit's latest real estate-focused secondaries fund.
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