Fundraising

Apollo secures $5.4bn for debut broad-scope secondaries vehicle

Compared with some of its peers, Apollo opted to grow its secondaries business S3 organically, formally launching the strategy in late 2022.

New Jersey proposes $600m commitment to Lexington secondaries SMA

The separately managed account will invest into two Lexington funds, as well as co-investment opportunities.

StepStone raises largest-ever real estate secondaries fund with $4.5bn haul

The record fundraise bests a previous mark set by Goldman Sachs as the manager aims to take advantage of tariff turmoil.

Can the secondaries market still hope to hit $200bn this year?

Opinions vary over whether the asset class will outstrip 2024’s record-breaking deal volume total, or whether recent uncertainty will cause it to miss the mark.

Generali and Partners Group launch credit secondaries fund

The joint venture is structured as a RAIF and will look to acquire mainly senior-secured direct lending stakes.

Rothschild’s Five Arrows doubles size of GP-led focused fund with €2bn raise

Five Arrows’ Secondary Opportunities VI launched in 2023 and will focus on mid-market opportunities.

DOWNLOAD: Behind 2025’s hot secondaries fundraising start

While fundraising figures in the first quarter were lofty, most of the capital raised came from Ardian’s record-breaking close in January.

Stafford: Latest timberland fund shows area is becoming less niche

Stafford plans to allocate 80% of its latest $1bn+ timberland fund to secondaries, chief executive Angus Whiteley told Secondaries Investor.

Pantheon closes second dedicated GP-led programme on $1.1bn

The strategy is nearly double the size of its predecessor, which closed in 2021.

17Capital’s target revealed for latest pref equity fund

The firm’s predecessor vehicle closed on $2.9bn in June 2021, Secondaries Investor data shows.