Fund Finance

Goldman Sachs Asset Management is looking to raise as much as $7bn for its eighth flagship secondaries fund.

The placement agent and secondaries advisor has raised $200m to finance seed, allocation and expansion operations for firms that want to go it alone.

Limited partners in the firm's 2010-vintage $400m co-investment vehicle can approve an extension or sell to a secondaries buyer.

Tom Doyle comes to the preferred equity provider from JPMorgan, where he helped build out the firm's PE fund finance team.

The retail-focused firm, which is seeking $1.25bn for Asian investments, wants more time to manage the assets in its 2009-vintage fund.

Funds of funds have to differentiate to stay competitive, which for many means developing secondaries capabilities.

The preferred equity specialist has raised $729m a month after Secondaries Investor reported that the firm was preparing to hold a close in the first quarter.

The preferred equity specialist is targeting $750m for Whitehorse Liquidity Partners II with a $1bn hard-cap, Secondaries Investor has learned.

The London-based retail real estate manager’s sale of a six-property portfolio will allow investors in its Pradera European Retail Fund 2 to fully exit the vehicle.

LPs in the firm's 2015-vintage buyout fund were also given the option to sell their stakes to Partners Group, Secondaries Investor has learned.