Fundraising

The alternatives giant has collected $25bn, including $2.7bn for its dedicated GP-led vehicle.

Nine out of 10 of the firm’s existing investors had re-upped in the fund’s $350m first close.

The Swiss firm brought in three executives in December to lead the strategy.

Stafford Infrastructure Secondaries Fund V will seek €1.3bn and comes five months after the firm closed its predecessor vehicle.

Ardian and ICG took the top two spots on the list with their record-breaking raises.

The mature stakes-focused vehicle attracted more than double its predecessor, Hollyport Secondary Opportunities VII, which raised $1bn.

The fundraising comes as its secondaries unit, Strategic Partners, eyes as much as $20bn for its latest private equity flagship.

The investment consultant is seeking $250m for a dedicated secondaries fund, following consultants such as Hamilton Lane and StepStone in managing pooled private markets funds.

Abu Dhabi Investment Authority is also understood to have been in talks to buy a stake in the secondaries giant.

Unlike traditional VC funds, Industry Ventures Direct III will only invest in companies the firm already has exposure to through its secondary and fund of funds strategies.