Fundraising

The New York-headquartered firm surpassed its $2bn target for Pomona Capital X, which is 44% larger than its predecessor.

The Conshoshocken-headquartered investment firm gathered a further $450m in the quarter for its latest offering.

At more than double the size of its predecessor, Banner Ridge DSCO Fund II will invest in private equity funds, co-investments and early secondaries.

Secondaries fundraising dipped 30 percent year-over-year in the first half, with $31.2 billion raised, according to preliminary data from Secondaries Investor.

Investors have pulled back on deploying capital in 2022, but the long-term trajectory for GP-led transactions is positive, Campbell Lutyens' Gerald Cooper and Immanuel Rubin tell Secondaries Investor.

The real assets specialist is in market with its fourth infrastructure secondaries fund, which has raised €580m of a €750m target.

The firm targets growth assets via GP-led deals, highly concentrated LP stake trades and preferred equity.

Secondaries-focused PA Capital joined forces with New York Life’s private equity affiliate GoldPoint Partners and lender Madison Capital Funding, rebranding as Apogem Capital in April.

The alternatives manager has already raised more than $1bn of capital to invest in senior debt secondaries through two May fund closes.

ICG Strategic Equity IV has beaten its target after just a year and a half in market, Secondaries Investor understands.