Fundraising

The global asset manager will begin investing Secondary Opportunities Fund IV this quarter, once SOF III is 100% deployed.

The fund of funds will invest in a mix of primaries, secondaries and co-investments, and the firm expects to hold a close in March.

The $3bn pension has backed at least four of the alternative investment manager's previous vehicles.

The secondaries market had raised $38bn by mid-December, surpassing the previous record set in 2014.

The mezzanine powerhouse is nearing the $1bn target for its restructurings-focused vehicle, Secondaries Investor has learned.

The Blackstone unit raised the hard-cap on its latest fund and is expected to hold the final close by the end of January, Secondaries Investor has learned.

The investment firm is hoping to raise as much as €500m for the vehicle, two years after it closed a Europe-focused secondaries fund.

It is understood the vehicle, which launched in February, will make secondaries investments.

The private equity firm beat the target for Adveq Europe VI, which will invest in primary, secondaries and co-investments.

The Blackstone unit is understood to be nearing the final close on its latest private equity secondaries fund.