Fundraising

The fund will invest across multiple strategies including primaries, secondaries and co-investments.

The firm is also seeing 'exciting opportunities' in the opportunistic side of the business including real estate secondaries and structured equity, according to chief executive Michael Arougheti.

The tech-focused venture capital manager has entered a joint venture with investment banker Roman Ivaniuk, founder of Ukraine-based BrightOne Capital, for its latest fund.

Pantheon Global Infrastructure Fund IV launched in 2021 with a $3bn target.

Secondaries fundraising January through end-September was bolstered by large vehicles managed by Blackstone Strategic Partners and Goldman Sachs Asset Management.

The firm expects to hold the final close on Lexington Capital Partners X at the end of the year.

The VS secondaries firm's 10th flagship has closed on $1.45bn, making it 70% larger than its previous effort.

There has never been a better time for secondaries funds to deploy capital, Harold Hope, GSAM's global head of secondaries, tells Secondaries Investor.

The mid-market-focused firm is more than two-thirds towards the target of its third vehicle.

Whitehorse Liquidity Partners VI would be 13% larger than its predecessor, which closed on $5.3bn in July.