Fundraising

Strategic Equity Fund III, which focuses on complex end-of-life secondaries processes, launched in April targeting $1.6bn.

The West Coast niche secondaries firm ranked 29th in the latest SI 30 list of biggest fundraisers.

Partners Group was among a consortium of buyers that joined Lexington Partners in acquiring stakes in two of TPG's Asia funds and committed to Asia Fund VII.

The new secondaries database shows which of the biggest firms are raising.

The US pension has committed $150m to each of the firms' latest private equity funds and is also considering buying and selling on the secondaries market.

SOF IV is targeting $100m more than its predecessor and has a 10% hurdle rate, according to documents prepared for a US pension.

Expect another year of healthy trading in the market for second-hand fund stakes.

Ardian has become the latest private markets firm to open an office in a country whose institutional investors are hungry for private markets.

The firm is seeking $3bn for its latest dedicated secondaries fund, 18 months after hitting a final close on its predecessor.

The Deutsche Bank spin-out has gone past the $1.75bn target for its first fund launched as a standalone firm.