Fundraising

There are at least 14 secondaries vehicles seeking capital to invest in the asset class, Secondaries Investor data shows.

The Carlyle unit is also in market with its flagship secondaries programme and a dedicated single-asset-focused fund.

The past year has been the firm's strongest fundraising period ever, with nearly $28bn raised.

ICG Strategic Equity Fund V has already raised more than its $6bn target.

While this year has not seen a large-scale close, several funds with hefty targets remain in market.

Fundraising in the first half dipped year-on-year to $34.5bn, with Hamilton Lane's $5.6bn close on Secondary Fund VI marking the largest raise in H1 2024.

The fund has invested nearly $3bn as of June, according to documents from the MWRA Employees’ Retirement System.

Private Equity Strategic Opportunities Fund V is aiming to deliver a 1.8x-2x multiple for investors.

Details for Patria Secondaries Opportunities Fund V show the vehicle is planning at least two closes this year.

The firm is seeking $500m for a dedicated GP-led vehicle which has the potential to deliver enhanced returns.