Fundraising

Banner Ridge reached a $2.15bn final close for its latest flagship fund this year, smashing its $1.4bn target.

The firm's $22.7bn haul this week comes at a time when institutional investors are assessing the opportunity cost of their investments.

Blackstone Strategic Partners tops the list with a record-breaking fundraising for its ninth flagship fund, which amassed $22.2bn.

Two historic fundraises in the space of a week tell us much about where real estate investors see opportunities for returns in a fractured market.

Strategic Partners Real Estate VIII follows vehicles from Ares Management’s Landmark Partners, Partners Group and Goldman Sachs.

The 'phone keeps ringing' on continuation fund dealfow, according to the listed manager's chief investment officer and chief executive Benoît Durteste.

The firm has closed on more than 50 GP-led transactions since 2021 including GP-leds with Emeram and Volpi Capital.

Carlyle's secondaries unit is seeking north of $10bn for AlpInvest Secondaries Program VIII, Secondaries Investor has reported.

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.