Fundraising

Fundraising for specialised vehicles including its fifth secondaries programme helped drive revenue in the quarter to June, according to the firm's latest results.

The placement agent and secondaries advisor has made two hires in its New York office who will work on secondaries and fund placement.

The portfolio acquired from a sovereign wealth fund is probably the largest-ever infrastructure sale, said Blackstone COO Jon Gray.

With $3.75bn in hand, Blackstone’s Strategic Partners is targeting stable assets in a range of sectors from a year to 10 years of age.

In 2017, CEO Hans Swildens said Industry Ventures' funds would only exceed $500m if there was 'a massive downmarket correction'.

Hong Kong-based CLSA is seeking up to $100m from the likes of HNWIs and wealth managers to build a portfolio of pre-IPO tech unicorns, Secondaries Investor understands.

The close of Strategic Partners' latest real estate secondaries fund has led Secondaries Investor to revise its fundraising figures.

Strategic Partners Real Estate VII has raised $600m more than its predecessor and is looking at a strong pipeline of GP-led deals.

Capital raised in final closes jumped 455% year-on-year, setting a record for the strategy, according to Secondaries Investor data.

Preliminary fundraising figures for H1 show a market well-capitalised to absorb a flurry of dealflow in the second half of the year.