Fundraising

The firm has a subscription credit line of up to 30% of the total of Adams Street Global Secondary Fund 7, US pension documents show.

The firm, which is seeking $15bn for ASF IX, recorded its biggest year of secondaries deployment last year.

Goldman's predecessor Fund II raised $2.75bn, making it the third-largest real estate secondaries fund raised at the time.

Public pension systems that are overallocated due to the denominator effect and market volatility are expected to produce a flood of fund stake sales.

The firm is responding to demand from GPs for capital to help manage their balance sheets, according to partner Michael Gubbels.

Neuberger Berman will make concentrated bets in the LP-led and GP-led secondaries markets.

Golding Infrastructure 2020 will make primary and secondaries investments in 'conservative' core- and core-plus assets in Europe and North America.

Even amid today’s rocky macro environment, the industry’s biggest fundraisers continue to pull in more capital.

Stafford has raised its fourth flagship vehicle at a time of strong demand for inflation-resistant asset classes such as infrastructure.

The level of dry powder for secondaries sits at $94bn, up year-on-year and a slight decrease from the $105bn available for deployment at the end of 2021, according to Evercore's H1 Secondary Market report.