Fundraising

Secondaries use is soaring as the search for liquidity intensifies.

Bridge 7 Bee Secondary will pursue small-cap LP-leds with a particular focus on global buyout and growth assets held by Asia-based sellers, Secondaries Investor understands.

The buyout firm launched Sage Equity Investors last year with a $1.5bn target.

The firm’s half-year activity update also disclosed launch plans for future secondaries vehicles.

The secondaries pioneer is approaching its target for the vehicle, which marks its first strategy beyond VCFA’s flagship Venture Partners series.

Dawson Portfolio Finance 6 has beaten its target as the firm continues to deepen relationships with US-based LPs.

Former Intel Capital directors closed on $305m for their third flagship fund, which will aim for exposure to data infrastructure, cybersecurity, fintech, robotics and next-gen gaming companies.

Japan Private Equity Opportunity 2024 turned down overseas investors as it was oversubscribed by domestic LPs, WM partner Shohei Suzuki and AIC CEO Reijiro Samura tell Secondaries Investor.

The fund launched earlier this summer and is already close to catching the total of its predecessor.

The firm has registered BlueEarth EM Impact Secondaries II, a regulatory filing shows.