Fundraising

The firm is seeking as much as $7bn for its eighth flagship private equity secondaries fund, Secondaries Investor has learned.

The pension, which was set to explore a secondaries sale over the summer, is considering a $150m commitment to the Blackstone unit's Fund VIII.

The preferred equity specialist is returning to market two months after announcing the final close on its second fund.

The figure is four times larger than that sought by firms in January.

Duties at the $6.4trn asset manager will include assisting with fundraising and preparing external investor reports.

The move follows ODDO’s April acquisition of ACG Capital, the €1.8bn fund of funds and secondaries arm of ACG Group.

Charles Lemon, who was fundraising head at Agilitas Private Equity, will be responsible for primary fund placement and secondaries advising.

The French investment manager is seeking around €500m for Idinvest Secondary Fund IV, Secondaries Investor understands.

The pension fund is doubling down on its relationships with Ardian and Lexington due to the hot market and what it sees as a lack of differentiation between secondaries firms.

Half of idi Emerging Markets Partners' latest fund will be dedicated to primaries and secondaries.