Fundraising

Secondaries fundraising hit a post-crisis high in the first half of the year, but the expanding market can take it, say investors.

Taiwan's second-biggest financial holding company has invested at least $120m in secondaries funds over the last year including those managed by StepStone and Coller Capital.

The firm took nine months to hold the final close on Auda Capital VII which specialises in primary and secondaries investments in the US and Europe.

The $564m vehicle, the largest of its kind for the firm, will focus on smaller portfolios and complex deals.

The niche secondaries firm raised over $660m for its latest fund that will focus on liquidity, carve-outs and strips, clean-ups and opportunistic strategies.

The investment bank had raised around two-thirds of the target for its Vintage VII fund a month after launching, Secondaries Investor has learned.

The Scandinavian direct secondaries firm could have raised double the amount of capital it closed on, according to managing partner Bjarne Lie.

Origami Opportunities Fund III's strategy includes direct secondaries and restructurings deals and will focus on North America and Europe.

The asset manager will seek up to €300m to invest in deals which often include tax, regulatory or structural complexity.

Neuberger Berman enjoys limited competition in its section of the secondaries market for two reasons, according to a memo from the $29bn pension.