Fundraising

Real estate and infrastructure secondaries vehicles gave private equity funds a run for their money this year.

Golding Infrastructure 2018 will invest in around 15 infrastructure funds via primaries and secondaries.

The manager has merged its three fund of funds units to form Flexstone Partners with $6.7bn in AuM.

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.