Fundraising

The firm, founded by Siguler Guff's former secondaries head Anthony Cusano, will focus mainly on acquiring stakes in distressed, special situations and credit funds.

The firm's strategic equity unit has held the final close on its third fund which is already 20% invested.

Speaking at IPEM, chief exec Virginie Morgon said secondaries will continue to play a role in increasing third-party AUM across its business lines.

Felicitas Global Partners has also raised private credit and private equity vehicles as well as separately managed accounts focused on the small end of the market.

Which funds raised the most last year and which strategies are investor money going to? Find out in our latest interactive report.

While LCP IX will be able to invest in a range of asset classes, Lexington is 'firmly rooted in the private equity world', partner Pal Ristvedt tells Secondaries Investor.

Capital raising for the strategy fell to a four-year low last year with expectations of large closes this year, according to Secondaries Investor data.

The secondaries unit of Rothschild Merchant Banking Group beat its €700m target for FASO V.

Secondaries Investor reported in August that the VC-focused firm was targeting $600m for Fund IV, an 85% increase on the amount sought by its predecessor.

Hollyport Secondary Opportunities VII has raised double the amount collected by its 2017-vintage predecessor.