Fundraising

According to mid-year advisory reports, the secondaries market is looking at a potentially record-breaking finish to 2024.

Lexington Capital Partners X, the firm's latest main secondaries fund, smashed its $15bn target to collect $22.7bn last year.

The listed alternatives firm is ‘progressing’ on the launch of both a private equity and a secondaries semi-liquid fund next year.

Macquarie Alliance Partners Infrastructure Fund is understood to have a $1bn hard-cap, per affiliate title Infrastructure Investor.

Secondaries fundraisers find success through specialisation.

'I can hand on heart say there has never been a deeper, more robust pipeline than the one that we have right now,' HarbourVest's Jeff Keay told Secondaries Investor on the back of its $15.1bn flagship raise.

Commonfund Environmental Solutions II has sleeves for private equity fund investments, direct and co-investments, secondaries and real assets.

Aizawa AM’s third flagship, which held its final close this year, is already 85% deployed, chief executive Shinichiro Shiraki tells Secondaries Investor.

Combining Dover Street XI and its co-investment vehicle Secondary Overflow Fund V, the manager has raised $18.5bn to deploy into secondaries transactions.

CVC Secondary Partners, formerly Glendower, also saw realisations increase from €300m in H1 2023 to €600m in the first six months of this year.