PEI Group Data

The oversubscribed vehicle is more than $300m larger than its predecessor.

A study by the bank and the HEC School of Management has also reinforced earlier findings that single-asset CVs perform largely in line with buyout funds, while offering lower return dispersion.

Public pension fund documents have shed light on how many managers Pantheon Credit Opportunities III plans to invest with and its expected geographic makeup.

LGT Capital Partners' Crown Global Secondaries VI exceeded its $6bn target, as well as the size of its predecessor, which closed on $4.5bn in 2021.

Details of how the firm's secondaries funds have performed have been disclosed in documents prepared for a US public pension.

The deal highlights how continuation funds are filling the void in the exit market when traditional exit routes remain subdued.

The continuation fund is the second time St Louis-based Thompson Street Capital has used the GP-led secondaries market.

The transaction involves five assets from two TJC vehicles, Secondaries Investor has learned.

The asset, BLUESEA Hotels, aims to become the market leader in three- and four-star hotels and resorts in Spain.

LGT Capital Partners' latest vehicle launched in 2022 and had collected $4.38bn as of January.