Fundraising

The firm has raised $200m so far for its new dedicated secondaries fund.

There were nearly 50 secondaries funds being raised as of October, targeting a total amount of about $40bn.

The fund of funds will target primary funds, secondaries and co-investments.

Total capital gathered in 2015 by closed-ended private equity vehicles with a focus on investments into secondaries looks set to fall short of 2014 fundraising levels.

The $1.4bn pension fund will likely make a commitment in the fourth quarter or in the first quarter of 2016 at the latest.

Now owned by two executives who worked together at a US financial services firm, Paris-based Fondinvest is raising its fifth secondaries fund.

The Tokyo-based private equity firm is nearing the 30bn yen hard-cap for its latest secondaries programme, according to a managing partner at the firm.

The Swiss firm took just 10 weeks to raise its latest vehicle which will focus on niche secondaries deals, according to the firm.

The advisory firm also estimates that buyers plan to raise an additional $40bn of capital in the second half of 2015 and in 2016.

The target for the venture capital firm’s second secondaries vehicle has yet to be determined.