Fundraising

The move from the Paris-headquartered buyout shop comes as GP-led processes eat more and more into the secondary buyout market.

The fund will invest in assets acquired by 2019-vintage Insight Venture Partners XI, following the launch in 2021 of a vehicle targeting Fund X investments.

BlackRock has reorganised its team as it pushes ahead with fundraising following the departure of three MDs to Apollo last month.

Oliver Gardey and Ryan Levitt discuss market volatility, the need for specialism in secondaries and the likely drivers of LP deals in 2022.

If it hits its target, Ashbridge Transformational Secondaries Fund II will be the largest GP-led-dedicated fund to hold final close.

The US subsidiary of the Japanese financial services conglomerate will initially invest off balance sheet before launching a third-party fund.

Ares Management's private equity secondaries product, managed by the Landmark Partners team, has suffered key departures in the past year.

Future Essentials II makes primary-, secondaries- and co-investments with managers with strong ESG credentials.

Jake Elmhirst was a managing director and founding member of the Private Funds group at UBS, which he left last year after 25 years.

ASF VIII Infrastructure has already invested 30% of its capital, including acquiring a $1.5bn portfolio offloaded by insurer Northwestern Mutual.