Fundraising

Ares is the latest manager to raise a fund dedicated to providing structured products to GPs.

The close of the asset manager’s $1.5bn CFO marks the latest example of its work to expand its private markets offering to a wider set of investors, co-head of private markets product at Franklin Templeton, Jake Williams, tells PEI Secondaries Investor.

The raise of Secondary Opportunities Fund VI proves the rationale behind CVC and legacy Glendower Capital’s tie-up ‘was right’, CVC Secondary Partners’ head tells PEI Secondaries Investor.

The firm’s total infrastructure secondaries programme has secured $1.7bn, adding to a growing pool of capital available to deploy into the asset class.

Some institutions are expected to lean into equity-based strategies as they seek a new home for 2026 credit allocations.

Fund IV, which is targeting $1.25bn, has recently been activated and has closed on its first deal, Secondaries Investor has learned.

Four of the firm’s cornerstone evergreen products are heavily weighted to secondaries investments.

The firm’s seventh flagship is about twice the size of its previous vehicle and took half as long to raise.

Carlyle increasingly views AlpInvest as more of corporate finance business than a standalone secondaries unit, chief executive Harvey Schwartz said on the firm’s Q2 2026 earnings call.

VC investor Ryan Moore has closed on $78.5m for Revenant Ventures’ debut fund, a regulatory filing shows.