Fundraising

While the firm missed its $1bn target, the vehicle was almost double the size of its predecessor which closed on $456m in 2019.

The fund is over half the size of its predecessor, which closed on $14.2bn in 2023.

The semi-liquid fund aims to provide ‘diversified access to high-quality private growth companies’ through direct and secondaries, per a statement affiliate title PEI has seen exclusively.

ASP VIII attracted over 325 global investors across pension funds, insurance companies, asset managers and other types of LPs.

The fund, which is already larger than its predecessor, is expected to close in 2026 and exceed its $7bn target.

The fund has collected $365m, which is nearly double its launch target.

The firm this week said it had raised $5.5bn for the market’s largest infra secondaries fund.

NewView spun out of Silicon Valley venture giant NEA in 2018 through a deal backed by Goldman Sachs and Hamilton Lane.

The pension committed $500m to GP Solutions II’s predecessor, marking the biggest commitment made to a secondaries fund last year.

Secondaries use is soaring as the search for liquidity intensifies.