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Fundraising
Partners Group Secondary 2015 closed on $1.5bn in May.
General partners – with and without troubled funds – are increasingly seeing the secondaries market as a fundraising tool.
The Dallas firm held a first close with $14.7m for Traveller Capital Partners II, a little over a year after it held a final close on its first fund.
The fund of funds manager's ninth dedicated secondaries fund will target more than its previous fund, according to a source.
The investment management and advisory firm is making secondaries fund purchases in agriculture as part of its entry into the sector.
The Hong Kong-based firm's fundraising comes amid heightened interest in Asian secondaries.
Dallas-Fort Worth International Airport Retirement System previously invested $5 million in Permal Private Equity Opportunities IV.
Working towards a $5.5bn target, the firm expects to wrap up its latest fundraising in the autumn. Lousiana's state pension is one of the investors.
Why cash-rich LPs are a problem and other themes European advisors are buzzing about.
The London firm is targeting twice as much as it raised for its previous secondaries fund.