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CVC Secondary Partners, formerly Glendower, also saw realisations increase from €300m in H1 2023 to €600m in the first six months of this year.
There's plenty of room for growth in Chinese RMB private equity and VC secondaries, with the turnover rate for assets paling in comparison to other global regions.
As fundraising becomes tougher in the volatile market, with many LPs at or above their allocation caps, more GPs may use tender offers as a way to reach their fundraising targets.
The Conshoshocken-headquartered investment firm gathered a further $450m in the quarter for its latest offering.
BlackRock has reorganised its team as it pushes ahead with fundraising following the departure of three MDs to Apollo last month.
Ares Management's private equity secondaries product, managed by the Landmark Partners team, has suffered key departures in the past year.
Blackstone is on track to reach $20bn for its latest flagship secondaries fund, having nearly achieved its target in the space of a quarter.
The GP with $9.3bn in private equity assets under management is looking at ways to hold on to 'champions' for longer, according to CEO Alex Saigh.
Fund IX has benefited from the strong performance of private equity pushing many LPs close to their allocation limits, COO Jon Gray said on an earnings call.
The fund targeted at non-institutional investors can invest in the full range of secondaries deals and on a primary and direct basis.