Fundraising

Private equity and real estate secondaries funds are seeking around $9bn more compared with the first quarter of last year.

Strategic Partners Real Assets II has hit final close on $1.75bn, edging out Ardian's $1.7bn ASF VII Infrastructure.

The Swiss asset manager acquired Akina Partners in February 2017 and their operations have been largely separate up until now.

This is the Californian pension fund's first real estate secondaries commitment and first investment with the Swiss firm.

In February, Altamar Capital Partners hit a €541m final close on its latest secondaries fund. Managing partner Miguel Zurita speaks to Secondaries Investor about the fundraising and what to expect next.

The fund has surpassed its $1bn target and is on the way to being the largest real assets secondaries fund ever raised.

The fund is targeting primary fund investments, secondaries and direct co-investments in Europe, Asia and emerging markets.

The firm is targeting blue-chip buyout funds in South Africa and the sub-Saharan region, with a first close expected in June.

The fund, which closed above its $200m target, will invest in small fund interests and structured deals.

PineBridge Secondary Partners IV closed above its $500m target and will focus on small- to mid-sized globally diversified deals.