Fundraising

The private equity firm is planning closes for its latest dedicated secondaries vehicle and its fund of funds.

The commitment to Lexington's latest mid-market secondaries fund is a re-up for the pension, which has invested at least $750m in the space since 2012.

Miria Späth Werder joins as a partner and will help the French firm develop its international investor base.

The private equity firm, which is mulling a move into GP-led restructurings and direct secondaries, held a first close on Adveq Secondaries III last April.

The global alternative asset manager plans to grow its base of Asian LPs starting with Chinese insurance companies, says Asia MD Mingchen Xia.

Employees' Retirement System of the State of Hawaii has backed Landmark's latest private equity fund which is seeking up to $4.7bn.

The global investment manager has already made one secondaries deal from its latest fund of funds in the strategy.

The firm has hit the target for Crown Global Secondaries IV which launched in the summer of 2015, Secondaries Investor has learned.

The firm now has $547m to deploy for its strategic secondaries fund, which targets GP-led transactions.

The French banking group's latest fund of funds will split its deals evenly between secondaries and primary investments.